Citadel Securities and Jump Capital just backed an exchange looking to open the market up to Main Street

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.

$OSTK OverstockCEO Start a exchange that settles trades using blockchain all the USA small companies will join up in a week These thugs are still looting, now they want their own exchange

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

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...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »