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
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