New exchange to provide greater futures access to individual investors
The Small Exchange, a new futures exchange backed by renowned innovators in the financial industry, is proud to announce the addition of two new strategic partners, Citadel Securities and Jump Capital. Both firms have each made a $5 million investment in the Small Exchange and plan to be key participants on the Small Exchange when it launches later this year.
The investments by Citadel Securities and Jump Capital add two leading liquidity providers for the Small Exchange’s product offering. The Small Exchange, focused on creating the leading customer-centric futures exchange, seeks to bridge the futures product gap for investors and participants of all sizes. The Small Exchange, through both its unique individual subscription offer that provides reduced exchange and market data fees, as well as its simple, uniform proprietary cash settled indices, is designed to be more user friendly for all participants.
“We are elated to have Citadel Securities and Jump as strategic investors. They bring deep industry knowledge and expertise that will benefit our already very strong team and provide capital that will enable our growth,” said Donnie Roberts, the Small Exchange President and CEO. “To continue working towards providing investment opportunity for both individual investors and industry participants through ease of use, standardization and capital efficiency, we knew we needed strategic partners to provide liquidity and industry knowhow. The addition of Citadel Securities and Jump to our growing list of participants goes miles to building the solid base we need for our market.”
“As a leading liquidity provider across a wide range of asset classes and markets, we are excited to support the launch of the Small Exchange,” said Jamil Nazarali, Global Head of Business Development at Citadel Securities. “This initiative will benefit retail investors and will help us further serve their liquidity needs in the futures market.”
“The Small Exchange is bringing a unique approach to making futures products more accessible to individual investors,” said Peter Johnson, Principal at Jump. “We are excited to invest behind a deeply experienced founding team and are looking forward to leveraging Jump’s capital markets experience to help build an industry leading futures exchange.”
This funding follows recent industry partnership announcements that include CQG and Eventus as well as the launch announcement of the exchange earlier this year from co-founders tastytrade and PEAK6 Investments.
The Small Exchange seeks to become a registered Designated Contract Market (DCM) with the Commodity Futures Trading Commission (CFTC). To learn more about the Small Exchange’s offering, visit www.thesmallexchange.com.
About The Small Exchange
Based in Chicago, The Small Exchange – backed by award-winning industry innovators and powered by a proprietary matching engine – recently filed to become a registered Designated Contract Market (DCM) with the Commodity Futures Trading Commission (CFTC). 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. Please visit thesmallexchange.com for more information.
About Citadel Securities
Citadel Securities is a leading global market maker, delivering a broad array of fixed income and equity products to banks, broker-dealers, government agencies, corporations, insurers, and sovereign wealth funds. Through innovation and efficiency, the firm provides liquidity with the goal of driving price discovery in more than 35 countries and making markets more competitive, open, and transparent. Since its founding more than 15 years ago, Citadel Securities has cultivated a culture of excellence, assembling the brightest minds in trading, technology, and the sciences to make better markets for a better world. For more information, visit CitadelSecurities.com.
About Jump Capital
Jump Capital, a Chicago-based venture firm affiliated with Jump Trading Group, is a thesis-led and operational-centric venture capital firm, specializing in Series A/B and growth stage investments. Jump invests in data-driven technology companies within the FinTech, Enterprise SaaS, Media, and IT Infrastructure sectors. With offices in Chicago and New York, Jump provides advocacy and support through a platform of institutional-level resources for entrepreneurs. Please visit jumpcap.com for more information.