TradingScreen Launches Chicago Office in Response to Increasing Client Demand for its Listed Derivatives ASP Services in North America NEW YORK (May 30, 2007): TradingScreen today announced the opening of a new office in Chicago to better serve the listed-derivatives community and to expand its sales and distribution capabilities for its multi-asset-class offering in the Midwest. This follows rapidly growing regional and international client demand to trade derivatives on the TradingScreen platform. James S. Froelich, formerly of Patsystems, will manage the office and serve as U.S. head of derivatives sales and marketing.
TradingScreen offers a unique blend of services to the listed-derivatives community by combining multi-broker access, sophisticated algorithmic trading and connectivity to global financial markets across multiple asset classes – all delivered in a proven ASP install-and-support model.
Froelich comes to TradingScreen with more than 26 years of experience in the futures, options, and derivatives sectors. After a successful career as a trader and floor broker on the Chicago Board of Trade, including active and ongoing membership since 1986, Froelich established the Patsystems Chicago office as the first employee in the U.S., spearheading and managing initial sales efforts in North America, establishing and managing the U.S. account management team, and managing U.S. product development.
“I am very excited to be joining TradingScreen and I look forward to helping the company expand its derivatives offering,” Froelich said. “TradingScreen is the only independent technology provider in the market today that allows traders to access multiple executing brokers and trade multiple assets classes under one platform. My experience in derivatives, as one of the first to build and sell electronic trading platforms, gives me a unique skill set to help grow TradingScreen’s derivatives business.”
“With the opening of our Chicago Office and the addition of Jim to our sales team, we are taking the distribution efforts for our derivatives product to the next level,” said Michael Chin, global head of sales at TradingScreen. “Clients have been trading derivatives on TradingScreen ever since they were first offered on the platform more than six years ago. Jim brings with him tremendous experience with a wealth of relevant knowledge that will help us to build a first class derivatives franchise.”
TradingScreen’s Chicago branch is conveniently located in the Chicago Board of Trade Building, in the center of the city’s financial district. The newly launched Chicago office will focus primarily on sales, as New York remains TradingScreen’s global headquarters, with global client support coverage and full technical development capabilities. The sales staff in Chicago will cover Trading Screen’s rapidly growing client base in Chicago, and in the Midwest, while taking advantage of growth opportunities within the derivatives markets.