CHICAGO, June 4 /PRNewswire/ -- 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 http://www.advantagefutures.com.
SOURCE Advantage Futures
Iqbal Brainch of Advantage Futures, +1-312-756-6359,
ibrainch@advantagefutures.com
