Professional Trading Solutions Acquires Sterling Trader
May 2, 2014
Professional Trading Solutions, Inc. (PTS), an industry-leading solutions provider for the active trading community, has acquired Sterling Trader, Inc. (Sterling), an equity trading platform provider with a global customer base.
Founded in 2000 and headquartered in Chicago, Sterling provides over 5,000 users with state-of-the-art, advanced trading platforms. Sterling’s technology provides connections to over 100 destinations and supports equity, options and futures trading. Sterling has established itself as one of the world’s leading trading platforms by providing powerful, broker-neutral technology. Sterling supports the US, Canadian and Brazilian equity markets.
Sterling’s President, Steve Sierszulski, commented, “As part of PTS, we will have greater resources at our disposal. We have already been working with PTS to enhance functionality and develop new products. We look forward to introducing new enhancements in the coming months.”
Currently, the Sterling product line includes Sterling Trader® Pro, a direct market access trading platform, Sterling Trader® Elite, an institutional platform, and Sterling Trader® Manager, a trading and risk management platform.
Farid Naib, PTS’ CEO, commented, “Sterling fits perfectly into PTS’ vision of providing leading solutions for the entire active trading community. Sterling will remain as its own brand, and will maintain its broker neutrality. We will provide resources to enable Sterling to continue to grow their business.”
Sterling Trader will remain in Chicago and operate as a business unit of Professional Trading Solutions.
About Professional Trading Solutions
PTS is an industry-leading solutions provider for active and professional traders, as well as hedge funds and prop trading groups. PTS provides fast, stable, state-of-the-art products and services to the active trading community. Professional Trading Solutions, Inc. is the holding company of two primary operating units: Lightspeed Trading, LLC, a FINRA and SEC registered broker-dealer, and PTS Financial Technology, LLC, a software holding company.
About Sterling Trader
Sterling Trader is an industry-leading professional direct access trading service and global trading network. As a broker neutral service bureau, Sterling Trader, Inc. offers a full service order routing and management suite built to support the direct access trading needs of professional traders, broker/dealers, hedge funds, and buy-side trading institutions.