CHICAGO, Oct. 4, 2016 /PRNewswire/ -- FIA announced that TopstepTrader is one of 18 companies chosen to exhibit in the 2016 Innovators Pavilion at the Futures and Options Expo in Chicago on Oct. 18-20. Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.
"Progress in our industry is being driven by forward-thinking companies like TopstepTrader," said Rob Creamer, FIA board member and chairman of the FIA Principal Traders Group, who chaired the Innovators Pavilion selection committee. "Through Innovators Pavilion, FIA is forging networks between pioneering startups, a diverse community of market participants, and venture capitalists focused on fintech." With more than 5,000 annual attendees, the FIA Expo is the largest global gathering of derivatives industry professionals.
Led by CEO Michael Patak, a 2016 Ernst & Young Entrepreneur Of The Year® Midwest Finalist, TopstepTrader created the Trading Combine® as an answer to the widespread misalignment in the retail trading and brokerage industry. The Trading Combine is a real-time, simulated evaluation of a trader's performance. If traders can follow the risk criteria and meet the profit targets, they earn a Funded Account™ where they trade real capital, keeping up to 100% of the profits.
"The three main hurdles for retail traders to overcome are trading development and education, risk exposure, and access to capital. The Trading Combine solves all three," said Michael. "Having funded over a thousand accounts since 2012, we know our model works and trader adoption is growing each day. It's an honor to be recognized by the FIA and our peers for the innovation and opportunity our product provides to the trading industry."
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA's membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA's mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA's member firms play a critical role in the reduction of systemic risk in global financial markets.
For more information, contact Heather Vaughan at +1 202-466-5460.
About TopstepTrader LLC
TopstepTrader® is the only firm of its kind, whose sole purpose is to fund traders. The funding process consists of a trader's performance being evaluated in a Trading Combine® - a real-time, simulated account. If traders can follow the risk criteria and meet the profit targets, they receive a Funded Account™ where they trade real capital, keeping up to 100% of the profits. To date, TopstepTrader has funded over a thousand traders, averaging more than 40 new funded traders a month. For more information, please visit us at topsteptrader.com.
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