Wedbush Securities at Forefront of Bitcoin Futures Launch
Steady hand at product launch on both CBOE and CME Exchanges
Chicago, IL – December 18, 2017 – Wedbush Futures, a division of Wedbush Securities, is thrilled to announce its flawless execution under pressure during the CBOE launch of Bitcoin Futures with a large percentage of volume being cleared through the firm. From day one, Wedbush was fully-prepared to clear Bitcoin Futures on behalf of its clients, and is looking forward to the same seamless, high-quality delivery for the start of the CME product launch on December 18, 2017.
“While most others were, and still are, debating whether or not to get involved with Bitcoin Futures, Wedbush Futures has been a steady hand in the industry and was prepared for the CBOE launch from the start, states Bob Fitzsimmons, Managing Director and Head of Wedbush Futures. “Our team saw this coming, and was able to immediately cater to the needs of our clients, which include hedge funds, professional trading groups and retail investors.”
Typically new exchange products have a longer lead time for rolling out a new offering. With the excitement over Bitcoin rapidly climbing week-over-week, and often day-over-day, the CBOE product launch had an abbreviated rollout and from an operational standpoint, Wedbush Futures was right alongside the exchange for the December 10, 2017 launch.
The firm’s expertise in the area of Cryptocurrency and Blockchain technology dates back to the end of 2013, where the firm’s now Head of Advanced Securities, Sheri Kaiserman, was the first to commission and publish Bitcoin research through the firm’s Equity Research team. Since then Sheri has become one of the firm’s leading subject matter resources.
Rich Jablonski, EVP of Wedbush Securities said, “Futures hasn’t seen this much shifting of customer assets in recent history. Bitcoin Futures and the firm’s expertise in the space allow us to further respond to the needs of our clients, as well as gain additional client acquisition within the futures landscape.”
About Wedbush Futures
Wedbush Futures, a division of Wedbush Securities Inc., is one of the largest non-bank Futures Commission Merchants (“FCM”) in the United States. The division specializes in clearing and financing activities for professional traders and strategic correspondents. Located in Chicago, Wedbush Futures is at the forefront of our business, with deep industry specialization and a distinguished track record in financial securities. Wedbush Futures’ client relationships are built on trust and supported by our firm, which is rooted in experience, stability, and innovation.