MetroTrade, a new entrant in the American financial market, is making waves with its futures and options trading offerings.
Co-founded by Ingmar Mattus, also the co-founder of the well-known brokerage brand Tickmill, MetroTrade has successfully registered with the Commodities Futures Trading Commission (CFTC) and joined the National Futures Association (NFA).
Mattus, alongside co-founder David Klotz and teams in Europe and North America, aims to revolutionize the US retail futures market by leveraging new technologies and catering to customer needs.
Mattus elaborated on their approach, saying, “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.”
He shared this vision on his LinkedIn, expressing excitement about working with a skilled team to drive success.
MetroTrade’s ambitious strategy includes forming partnerships with significant industry players like CME Group, regulated financial firms, and introducing brokers, thereby impacting the futures industry’s landscape in the USA.
The venture is supported by Andromeda Capital Partners Suisse, a Swiss private equity firm led by Mattus.
Andromeda is known for its investments in innovative fintech companies, including 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,” Mattus added.
As MetroTrade gears up for its platform launch this summer, it is actively expanding its team in various departments such as customer support, technology, and finance.
The company is also inviting potential clients to join a waiting list for early access to its platform and features.
David Klotz, co-founder of MetroTrade, highlighted their commitment to diversity in brokerage options, stating, “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.”
This venture follows Mattus’s recent acquisition of a 51% stake in the Amsterdam-based fintech company Change, indicating a pattern of strategic expansion and investment in innovative companies under the Andromeda banner. These moves align with industry trends as reported by Acuiti. The report notes a significant shift of companies from the CFD sector to alternative instruments like futures and options due to regulatory impacts.
It further reveals that over 50 percent of European retail brokers are exploring these alternatives, and 77 percent are keen on expanding internationally amid looming regional restrictions.
With 69 percent of brokers also planning to venture into institutional markets, the changing regulatory landscape is evidently reshaping broker strategies and prompting an exploration of new markets for sustained growth and competitiveness.