FNG has learned that the new retail futures and options brokerage founded by two fairly well-known names in the online trading space – Tickmill co-founder Ingmar Mattus and former Crypto.com COO David Klotz – has gone live, nearly a year after MetroTrade secured NFA membership and CFTC registration as an Introducing Broker in April 2024.
At launch, Chicago-based MetroTrade will act as an Introducing Broker to StoneX (NASDAQ:SNEX), which will be the regulated Futures Commission Merchant (FCM) for MetroTrade.
MetroTrade’s just-launched website (at metrotrade.com) boldly proclaims Futures Trading… Without the B.S.
The launch comes (somewhat coincidentally) just days after one of the leading US based retail futures brokers, NinjaTrader, was acquired by crypto exchange operator Kraken for $1.5 billion. Another competitor in the space, tastytrade, was bought by IG Group for $1 billion in 2021.
MetroTrade CEO David Klotz commented to FNG on the launch,
“We’re thrilled to finally go live in April after months of preparation. None of this would be possible without our incredible partners, whose expertise and collaboration have turned our ambitious vision into reality. Their belief in our mission has been a cornerstone of our journey, and we couldn’t be more grateful as we take this exciting next step together.”
In a social media post, the company explained the length of time it took to get to launch, after first making note of the NinjaTrader and tastytrade successes.
Original Article: https://fxnewsgroup.com/forex-news/retail-forex/exclusive-david-klotz-and-ingmar-mattus-retail-futures-options-broker-metrotrade-goes-live/