Advantage Futures today announced that it has been approved for clearing membership by the CBOE Futures Exchange (CFE). This membership allows Advantage Futures to deliver its premier level of technology and client service to CFE traders. Advantage Futures now offers traders the ability to trade futures on the CBOE Volatility Index (VIX), the world’s barometer for equity market volatility. Joseph Guinan, Founder, Chairman and CEO, Advantage Futures, made the announcement.
CFE is owned by CBOE and its trades are cleared by the triple-A rated Options Clearing Corporation (OCC). CFE is an all-electronic, open access market model with dedicated market makers and market participants providing liquidity.
“CFE membership broadens our direct access offerings for our clients and strengthens our relationship with the CBOE and CFE trading communities,” said Guinan. “In addition, we anticipate that our clearing member status with the CFE will help continue our rapid growth with increased volume of CFE futures products.” Advantage Futures clients will be able to trade VIX futures contracts through their front-end software platforms or by calling the Advantage Futures Global Execution Desk.
Advantage Futures is also a clearing member of CME Group, LIFFE, London Clearing House, ICE Clear U.S., ICE Clear Europe, a technical clearing member of Eurex, and a foreign approved participant of Montreal Exchange.
About Advantage Futures
Advantage Futures is a premier futures brokerage firm for professional, institutional, and active individual traders with 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 technology 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 Futures technology investment also includes server hosting facilities, robust 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 312.347.4800 or visit www.advantagefutures.com/afdev.