Advantage Futures back its claim of being one of the highest volume clearing firms in the worldwide financial industry by citing the fact that it has cleared over 1.6 billion contracts. To the uninitiated firms like Advanced Futures settle financial transactions between two parties for a fee. This allows clients to trade with the confidence that certain glitches, holdups or possible evidence of a lack of liquidity or integrity will be dealt with without the trading party who hired those services becoming overly involved or encumbered by such a problem.
It has taken Advantage Futures around 6 years to accomplish the clearing of its 1.6 billion contracts. Further historical background regarding Advantage Future’s services can be found in the website’s profiles of its management team. The company has expanded considerably since its inception under CEO Joseph Guinan as a boutique operation that employed only 28 people in 2003. Advantage Futures had over $374 million in client funds on deposit as of August 2009. Employee numbers don’t seem to be cited in the company’s web presence.
Advantage Futures execution and clearing services are offered along with value-added trade suggestions. A direct-to-floor sales team for at high volume trade execution and value added trading strategies provides execution services. A value-added sales team provides hedge fund clients, portfolio managers and institutional traders with tailored research and analysis. A 24-hour global execution desk features infrastructure and personnel that provide clients with execution and market information.
Advantage Futures also provides comprehensive clearing and margining services, risk management in real-time. The company also heralds its server co-location services as providing a fast, cost-efficient way to initiate trading applications and black box operations.
A 24-hour technology support team is available for any execution platform a client may be using.
Advantage Futures supports two trading locations in the Chicago area.
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