Advantage Futures, the premier futures brokerage firm, today announced that it had been approved for membership with ICE Clear U.S., providing its clients with more efficient access to the ICE Futures U.S. markets. ICE Clear U.S. is the designated clearinghouse for ICE Futures U.S., and operates as a registered Derivatives Clearing Organisation (DCO) under the regulation of the U.S. Commodity Futures Trading Commission (CFTC). Joseph Guinan, Founder, Chairman and CEO, Advantage Futures, made the announcement.
ICE Futures U.S. is the premier market for soft commodities, and also offers trading in stock indexes and currencies. In 2007, exchange-wide volume for ICE Futures U.S. increased 22%, reaching a record 53.6 million contracts. ICE Futures U.S. transitioned to completely electronic futures trading in March 2008. Beginning in the third quarter of 2008, ICE Futures U.S. will be the only venue for trading futures products based on the Russell indexes. As a member of ICE Clear U.S., Advantage Futures is able to provide its clients increased market opportunities for clearing.
“At Advantage we strive to provide our clients with the most comprehensive network and services available for futures trading,” said Guinan. “We are excited to offer ICE Clear U.S. as an additional clearinghouse for the benefit of our clients.”
Advantage Futures is also a clearing member of CME Group, London Clearing House (LIFFE), a technical clearing member of Eurex, and a foreign approved participant of Montreal. Advantage Futures is the premier futures brokerage firm designed by trading industry professionals exclusively for institutions, hedge funds, CTAs, proprietary trading groups and professional traders. We offer best-in-class clearing and execution services provided with high-quality
client service and technologically efficient solutions. We provide clients with a superior technology infrastructure, redundant exchange connectivity and 24-hour technical support. Our multimillion dollar investment in state-of-the art equipment provides our clients with extremely fast trading delta times while ensuring reliability and security. Advantage’s technology investment also includes server hosting facilities, enormous exchange connectivity, and fully redundant back office and accounting systems. We support trading on almost all domestic and foreign exchanges either through our direct clearing memberships or through various relationships we maintain with carrying brokers. Our management team has extraordinary industry experience and a
strong reputation for integrity. Advantage Futures has processed over one billion contracts since its inception in June 2003. For more information, call Advantage Futures at 312-756-6300 or visit https://www.advantagefutures.com/afdev.
SOURCE Advantage Futures
Iqbal Brainch of Advantage Futures, +1-312-756-6359,
ibrainch@advantagefutures.com/afdev
