Trending...
- Nano-technology alliance of Supreme Pharmatech and Professor M.R.Mozafari, a global nano technology expert
- Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 5.875% Senior Notes Due 2024
- Florida small town festival ranks Top 50 BEST in nation
CHICAGO--(BUSINESS WIRE)--Sterling Trading Tech (STT), a leader in trading platforms, compliance, risk and infrastructure solutions for equity, options and futures trading, announced today that the firm processed record stock volume in December of 2020.
With the markets experiencing increased volume and volatility, Sterling's buy side and sell side clients were very active. As a result, in December of 2020 Sterling systems touched 8.2% of all traded US stock volume, a record for the firm. Further, the daily volume of equities Sterling processed in the month of December averaged 905 million.
Farid Naib, STT's CEO states, "Our team never missed a beat even when a large part of the team was forced to work remotely due to COVID-19. Increased market volatility translates to larger amounts of users, activity and order flow at the same time. We've been able to prove that our best-in-class infrastructure can handle the needs of the global trading climate offering our clients a stable environment during peak moments of volatility."
More on illi News
Stock volume exploded this past year from both professional and retail market participants due to a multitude of components including COVID-19, zero commissions, market volatility, vaccine news, and election results. Total U.S. equity market volumes have been high since the end of February 2020, resulting in the average daily volume increase from 7 billion in 2019 to 10.9 billion in 20201.
"Throughout 2020 we saw a majority of our clients increase both their numbers of traders and average individual trader volume, which culminated in December bringing us to our highest volume month to date," states Jim Nevotti, President of Sterling Trading Tech.
As one of the leading providers of equity and equity option trading solutions, Sterling offers trading platforms, compliance tools, risk tools, infrastructure products and market data. Our professional and retail trading platforms are available to the global trading community for equities, options and futures. Our platforms and products can be white labeled to enhance our client's brand identity.
More on illi News
About Sterling Trading Tech (www.sterlingtradingtech.com)
Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, STT provides solutions tailored to clients' needs. STT supports tens of thousands of users worldwide and provides links to over 80 execution venues in the U.S. STT is committed to providing fast, stable technology along with outstanding customer service.
1 As reported by CNBC
With the markets experiencing increased volume and volatility, Sterling's buy side and sell side clients were very active. As a result, in December of 2020 Sterling systems touched 8.2% of all traded US stock volume, a record for the firm. Further, the daily volume of equities Sterling processed in the month of December averaged 905 million.
Farid Naib, STT's CEO states, "Our team never missed a beat even when a large part of the team was forced to work remotely due to COVID-19. Increased market volatility translates to larger amounts of users, activity and order flow at the same time. We've been able to prove that our best-in-class infrastructure can handle the needs of the global trading climate offering our clients a stable environment during peak moments of volatility."
More on illi News
- VPC Impact Acquisition Holdings II Announces Pricing of $225 Million Initial Public Offering
- ComEd Employees Celebrate 10th Year Participating in Special Olympics Chicago's Polar Plunge
- Adare Biome™ Enters North American Distribution Through Stratum Nutrition® for LBiome™ Postbiotic
- ConvergeOne and Evolve IP Enter Strategic Hospitality Partnership
- Home2 Suites by Hilton Tucson Airport Celebrates Topping Off - Tucson's Newest Extended-Stay Hotel
Stock volume exploded this past year from both professional and retail market participants due to a multitude of components including COVID-19, zero commissions, market volatility, vaccine news, and election results. Total U.S. equity market volumes have been high since the end of February 2020, resulting in the average daily volume increase from 7 billion in 2019 to 10.9 billion in 20201.
"Throughout 2020 we saw a majority of our clients increase both their numbers of traders and average individual trader volume, which culminated in December bringing us to our highest volume month to date," states Jim Nevotti, President of Sterling Trading Tech.
As one of the leading providers of equity and equity option trading solutions, Sterling offers trading platforms, compliance tools, risk tools, infrastructure products and market data. Our professional and retail trading platforms are available to the global trading community for equities, options and futures. Our platforms and products can be white labeled to enhance our client's brand identity.
More on illi News
- Truthset and the ANA AIMM Release First of its Kind Multicultural Online Data Benchmarks
- Naperville: Estes Court Structure Fire
- Julia Hair Tax Refund Season Flash Sale Week With Buy Now Pay Later
- The Best Virgin Hair Vendors 2021
- New workwear brand LIBAERTY for women in heavy-duty industries launches during Women's History Month
About Sterling Trading Tech (www.sterlingtradingtech.com)
Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, STT provides solutions tailored to clients' needs. STT supports tens of thousands of users worldwide and provides links to over 80 execution venues in the U.S. STT is committed to providing fast, stable technology along with outstanding customer service.
1 As reported by CNBC
Filed Under: Business
0 Comments
Latest on illi News
- ChartSpan Announces Partnership with Kentucky Hospital Association
- Mental Health Advocate Offers Hope to Millions with Book Detailing Trials and Triumphs on His Journey to Leading a Meaningful Life
- Naperville Fire Department Responds to Ogden Avenue Motel Structure Fire
- First Trust Launches the FT Cboe Vest Gold Strategy Target Income ETF®(IGLD)
- U.S. Remodeler Index (USRI) Signals a 10 Percent Market Surge in 2021
- Construction Technology Startup Mosaic Hires Real Estate Veteran as First CFO
- The Blood On Our Hands, Part II: Paul Kagame and Violence in the Great Lakes Region of Africa
- First look: Clark Nexsen completes engineering building at NC State University
- Will the World Step in and Save Paul Rusesabagina?
- Chicago Interior Designer Wins International Award
- New Website Provides Consumers with Insurance Information and Access to Local Agents
- MCAP Acquisition Corporation Announces Closing of $316,250,000 Initial Public Offering
- Is the "Escape Plan" the setup for Rwanda to kill Paul Rusesabagina?
- Libras Let Go Of Heavy Burdens And Go Creative - 2021 Horoscope
- 2021 Marketing Excellence Awards—Call for Entries: Honoring the Best in B2B Services and Solutions Marketing
- IRI and Boston Consulting Group Announce 2020 U.S. CPG Growth Leaders List
- edjuster Launches Fully Interactive Digital Contents Claims Portal
- Senseeker Engineering Acquires SE-IR Corporation
- Norwegian Emergency Health Services Gain Nationwide Collaboration Through Motorola Solutions' Unified Control Room Solution
- Horace Mann Puts Teachers on Track to Reach $100 Million in Public Service Loan Forgiveness