A new player offering futures and options trading, MetroTrade, has just emerged on the American financial market. One of the fathers of the new business in the USA is Ingmar Mattus, the Co-Founder of the popular brokerage brand Tickmill.
According to the information published yesterday, MetroTrade has just obtained registration with the Commodities Futures Trading Commission (CFTC ) as an introducing broker and is a member of the National Futures Association (NFA). Now, Mattus has commented on the introducing broker's plans for future operations.
Mattus Launches MetroTrade: US Futures and Options Brokerage
Mattus is creating a new business in the USA alongside the other Co-Founder, David Klotz, and dedicated teams in Europe and North America. He admitted that his goal is to "transform the US retail futures market" by utilizing new technology and adapting to customer needs.
"Dave's extensive experience in the futures industry pairs perfectly with my own history of co-founding and building Tickmill into a global retail brokerage with licenses in six major financial centers and 100,000 clients," Mattus commented today on his LinkedIn profile. "We're thrilled at the prospect of working together with our skilled team to achieve success."
Although MetroTrade is just starting its operations, it has ambitious plans to establish partnerships with major players in the industry, including CME Group, regulated financial firms, and introducing brokers, influencing the development of the futures industry in the USA.
MetroTrade is backed by Andromeda Capital Partners Suisse, a Swiss private equity firm that is also run by Mattus and known for investing in innovative fintech companies, such as AgenaTrader, TradersYard, and Change Securities.
"With backing from Andromeda's extensive portfolio of fintech companies, MetroTrade is poised to make a significant impact on the financial landscape," the Co-Founder of MetroTrade added.
The company is set to launch its platform this summer, and it is currently expanding its team across multiple departments, including customer support, technology, and finance. As MetroTrade prepares for its launch, the company invites potential clients to join its waiting list for early access to the platform and its features.
"Retail traders deserve to have a variety of choices when it comes to their brokerage needs, and we are excited to meet and exceed those expectations," concluded Klotz.
This is another important business move by Mattus after acquiring a 51% stake in the Amsterdam-based fintech company Change in September. Similar to his entry into the US market and the acquisition of a European tech firm, these moves were made in collaboration with Andromeda Capital Partners Suisse. This separate business entity, created by the founder of Tickmill, focuses on acquiring and expanding innovative companies.
A Shift from CFDs to Futures
Mattus's move doesn't appear to be a coincidence, especially when considering the latest data published by Acuiti regarding companies transitioning from the CFD sector to alternative instruments, such as futures and options. This shift can be attributed to the impact of regulations.
According to the survey, more than 50 percent of European retail brokers want to offer futures and options as an alternative to retail over-the-counter instruments like CFDs. Moreover, recent disruptions in the prop trading industry have led to the emergence of futures prop trading platforms.
On top of that, the survey revealed that 77 percent of European retail brokers are interested in expanding into other regions, as widespread restrictions are set to be enforced across the continent. Additionally, 69 percent of the respondents expressed their intention to expand into institutional markets.
These findings suggest that the changing regulatory landscape is driving brokers to adapt their offerings and explore new markets to maintain their competitive edge and ensure long-term growth.
