Advantage Futures surpasses 3 billion contracts processed

Chicago-based Advantage Futures has voiced its latest performance milestone in that it has surpassed the important mark of 3 billion futures contracts processed.

In a press release dated September 4, 2014, the company reports this metric which comes on top of its strong results for the year to date. The company’s trading volumes have shown a 20% rise since the onset of 2014 against the same period in 2013, a dynamic which runs counter to many firms across the entirety of the FX industry.

Advantage Futures’ CEO and Chairman Joseph Guinan considers that the company can attribute its consistent performance to a combination of high quality customer service and the reliability of the technology offered. The company utilizes six data centers to secure quality of execution, cut latency and ensure that there are minimal technical difficulties.

In order to measure the timescale over which this figure has been achieved, the previous performance mark of such importance, the completion of 2 billion contracts, was surpassed in April 2011.

It is important to bear in mind the contribution made to Advantage Futures’ 2014 metrics by the acquisition of US futures accounts of Institutional Liquidity (ILQ) in April this year. The acquisition has managed to propel the turnover somewhat.

Meanwhile, ILQ is seeking to overcome its exit from the US futures market, which was marred by a set of measures against the company undertaken by the National Futures Association. ILQ is now focusing on its Australian business, with a new website launched a week earlier and the US business apparently left behind.

Back on Advantage Futures’ home soil in the United States, it is evident that the futures trading sector is providing a rather dynamic corporate position. A very recent example occurred yesterday, when KCG Holdings, Inc. (NYSE: KCG) announced it had reached a definitive agreement to sell certain assets and liabilities related to the Futures Commission Merchant (KCG Futures) business to Wedbush Securities Inc.

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