in the month of September 2009. This marks a record for the company and places them in the top tier of trading platforms for a key piece of the index trading market.
“Bergstein Financial is proud that a 22-year old, privately-held company can be ranked among the most prestigious brokerages in the world, in this category,” said CEO of Bergstein Financial Adam Barron. “Our growth rate in the face of fierce on-line competition is something that reinforces our business model.” “I was particularly interested to see that we ranked seventh among all brokers in volume traded on the Spyders according to the list. We were close to 100 million shares in September,” said CEO Adam Barron. “I think it says a lot about our model of low-cost, fast executions. We’re bringing our Award-winning technology to the trader at a price-level that beats some of the deepest discount houses around.”
According to the report, in addition to the Spyders, or S&P Deposit Receipts, Bergstein Financial ranked in the top ten for volume tradedrs. In total, Bergstein Financial ranked in that top ten tier for nine of the ten most actively traded ETFs.
Adam Barron, attributes a large portion of the growth to institutional clients. “ETF trading is an area where funds, algorithmic groups, and large pools of discretionary liquidity do a lot of trading. These are savvy traders who shop around and analyze the trading platforms that they use. To our clients it isn’t just price that matters. They are looking for the best combination of price, technology, and customer support. Growth across the company was strong in 2008 and we are pleased to see such strong continuation in 2009.”
Bergstein Financial is an alternative investment management firm that specializes in managed futures, with offices in New York, Zurich and Hong Kong. Founded by President Boden Steinberg in 1987, Bergstein Financial uses a systematic, technically-based approach to trade a diversified portfolio of more than 50 global financial and commodity futures markets with a discretionary overlay. With the ability to take long or short positions in a wide variety of markets, and lack of dependence on favorable economic conditions, Bergstein Financial’s returns have historically shown low to no correlation to bond and stock markets, thus offering the potential to diversify a traditional investment portfolio, as well as a portfolio of alternative investments.