Trending...
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- A rare chance to own a multi-family property in the heart of Bay Ridge
- Mortgage Rates And Demand Are Stuck In A Holding Pattern
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."
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.
More on illi News
"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.
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."
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.
More on illi News
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- New Dad Battles Leukemia and Wins!
- Kefir Comes to NASCAR as Lifeway Foods Races into Hometown Weekend with Driver Josh Bilicki at The Loop 110
- Recession-Proof Startups: What Business Plans Investors Are Actually Funding in 2025
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
"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.
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
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Naperville: Structure Fire in the 1600 Block of Country Lakes Drive
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Bak Brothers, Inc. Expands Exterior Remodeling Services to La Grange, IL
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- Veterans and Young Job Seekers Get a Boost Through Mentor Agile's Expanded WIOA Support Program
- Build. Repair. Refresh – Summer Pond Projects Are in Full Swing!
- Lake Street Capital Partners Establishes New Residential Services Platform HighPoint Exterior Home Services by Partnering with Choufani & Bailey Roofing & Restoration
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- CarobWay Launches Food-Forward Prebiotic Fiber Innovation at IFT
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Mt. Carmel's Claude Mpouma to Announce College Commitment — Media Invited
- Bennett Awards Crafts Custom Trophies for Inaugural OMTEC Awards at 2025 Orthopedic Expo
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles