Advantage Futures today announced that it has been approved for clearing membership by the New York Mercantile Exchange, Inc. providing its clients with more efficient access to NYMEX and COMEX markets. These memberships allow Advantage Futures to deliver its premier level of technology and client service to NYMEX and COMEX traders. Joseph Guinan, Founder, Chairman and CEO, Advantage Futures, made the announcement.
NYMEX, now owned by the CME Group, is the world’s largest physical commodity futures exchange with a history dating over 135 years. NYMEX hosts markets for trading and clearing of energy, metals, softs, and environmental commodity futures and options, including COMEX Division metal futures and options products and miNY™ futures. NYMEX trading occurs through a hybrid model of open outcry floor trading and electronic trading on CME Globex® and NYMEX ClearPort®. Today more than one million NYMEX contracts trade electronically daily. Advantage Futures memberships with NYMEX and COMEX will provide its clients with greater efficiency and increased opportunity for trading these markets.
“Advantage Futures believes NYMEX membership broadens our direct access offerings to our clients and strengthens our relationship with the NYMEX trading community,” said Guinan. “In addition, we anticipate that our full-clearing member status with NYMEX will help continue our rapid growth with increased volume of NYMEX and COMEX traded products.”
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.