MetroTrade Lands in US: Shakeup for Futures Trading

Amidst industry transition, MetroTrade lands in US, aligning with shifting market trends towards futures and options. A recent entrant in the American financial market, MetroTrade, has introduced futures and options trading. One of its key figures is Ingmar Mattus, a Co-Founder of the well-known brokerage firm Tickmill. Recent reports indicate that MetroTrade has secured registration with the Commodities Futures Trading Commission (CFTC) as an introducing broker and is now a member of the National Futures Association (NFA). Mattus has shared insights on MetroTrade’s future operational strategies as an introducing broker.

MetroTrade Lands in US: Strategic Entry amidst Industry Transition

Mattus, together with his Co-Founder David Klotz and teams based in Europe and North America, is spearheading a new venture in the USA. He openly expressed his aim to revolutionize the US retail futures market by leveraging cutting-edge technology and responding effectively to customer demands. MetroTrade lands in US Market which marks a strategic expansion.

“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 shared insights on his LinkedIn profile. “We’re thrilled at the prospect of working together with our skilled team to achieve success.”

While MetroTrade is in its early stages, it harbors ambitious intentions to forge alliances with prominent entities in the field, such as CME Group, regulated financial institutions, and introducing brokers. These collaborations are set to impact the evolution of the futures industry in the USA. MetroTrade benefits from the support of Andromeda Capital Partners Suisse, a Swiss private equity firm overseen by Mattus. Renowned for its investments in pioneering fintech enterprises like AgenaTrader, TradersYard, and Change Securities, Andromeda Capital Partners Suisse provides substantial backing to MetroTrade.

“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 mentioned.

Transitioning from CFDs to Futures

The company is gearing up to unveil its platform this summer, with ongoing expansion efforts spanning various departments such as customer support, technology, and finance. In anticipation of its launch, MetroTrade extends an invitation to prospective clients to join its waiting list, offering early access to the platform and its array of features.

“Retail traders deserve a diverse range of options for their brokerage needs, and we’re enthusiastic about surpassing those expectations,” Klotz affirmed.

This marks another significant strategic move by Mattus, following his acquisition of a 51% stake in the Amsterdam-based fintech firm Change back in September. These actions mirror his earlier ventures into the US market and acquisition of a European technology company, all executed in collaboration with Andromeda Capital Partners Suisse. Established by the co-founder of Tickmill, this independent entity focuses on acquiring and expanding innovative companies.

Mattus’s strategic maneuver appears calculated, particularly in light of recent data released by Acuiti regarding the transition of companies within the CFD sector toward alternative instruments like futures and options. This shift is largely influenced by regulatory impacts.

As per the survey, over 50 percent of European retail brokers express interest in incorporating futures and options as alternatives to retail over-the-counter instruments such as CFDs. Furthermore, recent disruptions in the proprietary trading sector have spurred the emergence of futures prop trading platforms.

Moreover, the survey indicates that 77 percent of European retail brokers are keen on expanding into other regions, driven by impending widespread restrictions across the continent. Additionally, 69 percent of respondents intend to venture into institutional markets.

These findings underscore the imperative for brokers to adapt their offerings and explore new markets in response to evolving regulatory landscapes, thereby sustaining their competitive edge and ensuring sustained growth in the long run.

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