CHICAGO, Dec. 18, 2017 /PRNewswire/ -- 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.
About Wedbush Securities
Since our founding in 1955,
Wedbush has been a leader in the financial industry providing our
clients with a wide range of services; including institutional
sales, correspondent clearing services, equity research, corporate
and municipal finance, equity market making, fixed income trading,
prime brokerage, and wealth management. Headquartered in
Los Angeles, with 100 registered
offices, the firm focuses on dedicated service, client financial
safety, continuity, and advanced technology.
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SOURCE Wedbush Securities