Advantage Futures names industry veteran Carlos Rodriguez its new CFO

Maria Nikolova

Carlos Rodriguez brings more than two decades of industry experience to Advantage Futures.

US futures broker Advantage Futures has announced the appointment of Carlos Rodriguez as its Chief Financial Officer. Mr Rodriguez is an industry veteran, bringing with him more than two decades of experience in the sector.

In an announcement about the appointment, Advantage specifies that Mr Rodriguez will oversee all accounting and treasury functions at the firm and that he will report directly to Advantage’s CEO Joe Guinan.

Carlos Rodriguez

Prior to Advantage, Mr Rodriguez worked for CME Group Inc (NASDAQ:CME) for nearly 21 years, most recently serving as Executive Director in CME Group’s Financial and Regulatory Surveillance Department.

With Mr Rodriguez joining the team, Advantage now employs four former exchange auditors among its staff.

Joe Guinan, Advantage Futures’ CEO, said:

“Two decades of regulatory experience coupled with his even-keeled managerial style make Carlos an enormous asset to our firm. He’s a home-run for Advantage and we are thrilled to have him on board.”

Mr. Rodriguez commented on his appointment:

“I am excited to join Advantage’s reputable senior management team. Advantage is a world class organization and my strong regulatory, financial and compliance background nicely complement existing management.”

Mr. Rodriguez holds a BA in Accounting from the University of Illinois at Chicago.

Earlier this month, Advantage marked the start of its 15th year as a futures broker. And in April this year, the company said its client funds had reached an all-time high exceeding $700 million. Advantage and its nearly 100 employees have processed over 3.7 billion contracts since the founding of the business on June 2, 2003.

The firm offers electronic trading access to major futures exchanges across the globe. Advantage Futures is a full clearing member of the CME Group (CME, CBOT, NYMEX, COMEX, KCBOT), NFX (Nasdaq Futures Exchange), ICE Futures U.S., ICE Clear U.S., ICE Futures Europe, ICE Clear Europe, Options Clearing Corp., CBOE Futures Exchange and Dubai Mercantile Exchange as well as a foreign approved participant of the Montréal Exchange and non-clearing member of EUREX. Advantage also secures trading access to major Asia-Pacific exchanges through a number of correspondent broker relationships.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<