Citadal Securities and Jump Capital, the venture investing arm of Chicago-based Jump Trading, each invested $5 million in the Small Exchange.
Citadel Securities and Jump Capital, the venture investing arm of Jump Trading, each invested $5 million in the Small Exchange.
"We think that there is an untapped opportunity to make futures products more accessible to individual investors," Peter Johnson, a principal at Jump Capital, told Business Insider."We think that the combination of the founding team in the Small Exchange ... with our capital markets experience sets them up really well to be successful in that venture.
"For any new exchange, liquidity is of utmost importance, and having one of the largest futures traders in the world helping to provide that should certainly be helpful in making the exchange attractive," Johnson said.CME's CEO explains how Main Street is taking more control over its portfolio from Wall Street and how the futures exchange is adapting
Roberts, who's the former president and chief operating officer at TD Ameritrade's futures and forex division, Roberts told Business Insider that the Small Exchange is hoping to gain regulatory approval by mid summer, with a launch date by the end of the third quarter or beginning of the fourth quarter.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aurora Cannabis third-quarter revenue jumps 20%Aurora Cannabis Inc reported a 20% jump in quarterly net revenue on Tuesday, as ...
Read more »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Read more »
Raptors advance past 76ers on Leonard's wild shotKawhi Leonard hit a buzzer-beating jump shot that bounced up and around the rim ...
Read more »
Macy's shares jump after earnings blow past estimatesMacy's Inc. shares jumped 6.6% in Wednesday premarket trading after the department store retailer reported first-quarter profit that blew past estimates. Net...
Read more »
Alibaba's stock surges after earnings and revenue rise, beat FactSet expectationsShares of Alibaba Group Holding Ltd. surged 4.2% in active premarket trade Wednesday, after the China-based e-commerce giant reported fiscal fourth-quarter...
Read more »
Ford shares jump after Bank of America upgrades the stock to buyFord shares rallied in before the opening bell Friday morning after Bank of America Merrill Lynch upgraded the equity to buy form neutral.
Read more »
How The China Trade War Will Jump Start Digital ManufacturingThe China-U.S. trade war will accelerate the domestic adoption of digital manufacturing.
Read more »
South Korean auto stocks jump after reports that US could delay tariffsShares of automakers in South Korea jumped in early morning trade on Thursday following reports overnight that the U.S. could delay implementing tariffs on the sector.
Read more »
Oil prices jump as Saudi energy minister reports drone 'terrorism' against pipeline infrastructureOil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia.
Read more »
Oil prices jump on drone attack on Saudi Aramco facilitiesOil prices rose on Tuesday after the world's top oil exporter Saudi Arabia ...
Read more »
At public colleges, costs jump 55% in a decadeCollege costs have been increasing significantly for decades, making it harder for students to afford a higher education. Here's a look at just how high tuition has gone from where it once was.
Read more »