CHICAGO--(BUSINESS WIRE)--The Small Exchange, a new futures exchange backed by renowned innovators in the financial industry, announced investors can begin trading on the Small Exchange June 1, 2020. The U.S. Commodity Futures Trading Commission (CFTC) designated the Small Exchange in March 2020 as a contract market (exchange) and the Options Clearing Corporation has successfully completed testing. The Small Exchange has also landed support from partners ABN Amro Clearing, Apex, Budo Trading, Citadel Securities, CQG, Dorman, FC Stone, Gain Capital, Interactive Brokers, Jump Trading, Kore Trading, Peak 6, Phillip Capital, Rithmic, tastyworks, Tickmill, Tradovate, and Wedbush.
“We are absolutely thrilled the Small Exchange will commence operations with the public beginning June 1. I can’t say enough about the Smalls team, the support of our investors, vendors and participants for helping us get to the starting line,” said Donnie Roberts President and CEO of the Small Exchange. “Our launch will provide an added capital efficient venue for investors and our new products Small, Standard and Simple will provide greater access to the futures markets with a low cost fee structure for all participants. We have wanted to shift the futures' markets structure so we can change the world for all investors and make it more accessible, now we have our chance.”
The Small Exchange is the world’s largest customer centric futures exchange bridging the product gap between equities and futures for investors of all sizes. The Small Exchange is on a mission to make futures markets more accessible to more people. While futures are more capital-efficient than stocks, their complex design and large size keep modern traders from adopting them. With the Smalls, you get the best of both worlds with products that are small, standard, and simple.
“While we feel ready to open the gates, we are going to limit our initial launch to 3 products: an Equity Index, Dollar Index, and Metals Index. Additional product is to be provided in successive expiration cycles.” said Donnie Roberts
Customers can access the following product suite:
- Small US Dollar is priced directly to USD so investors won't need conversions when trading foreign exchange.
- Small Stocks 75 tracks millions of data points across the five major stock sectors to give investors a truly active stock market.
- Small Precious Metals blends the most popular metals so investors won't miss the fashionable trade in such a dynamic market.
To learn more about the Small’s offering, visit www.smallexchange.com.
About the Small Exchange
Based in Chicago, the Small Exchange is backed by award-winning industry innovators and powered by a proprietary matching engine. The Small Exchange's mission is to become the world's largest customer-centric futures exchange, bridging the futures product gap for investors of all sizes by providing appropriately sized futures products that are capital efficient, simple to use, and easy to understand for all participants. The company will facilitate the trading of exchange-created proprietary products for all types of market participants including, but not limited to market makers/liquidity providers, Introducing Brokers (IBs), Futures Commission Merchants (FCMs), proprietary trading firms and hedge funds, all with a primary focus on the public retail customer.