An online brokerage firm has announced the appointment of a new Head for its international division. James Rutter, who was previously the Commercial Lead for 18 months, has been promoted to this position. His focus will be on expanding the firm’s offerings, including US-listed equities, options, and futures in the UK, while also driving international growth.
Rutter brings a wealth of experience from nearly a decade with the company, having worked in various roles ranging from Equity and Volatility Derivatives Trader to Head of Operations and Business Development, as well as serving as the Deputy Group Chief of Staff. He emphasizes the firm’s commitment to providing low-commission, education-supported trading options that utilize unique probability-based investment strategies. He believes that the products offered provide significant opportunities for both investors and traders.
The brokerage entered a new phase when it was acquired by IG Group in 2021. This acquisition, valued at $300 million in cash along with shares, has positioned the firm for further growth in the financial sector. The acquisition was completed after receiving regulatory approvals, signaling strong confidence in the business.
In recent developments, the firm underwent a rebranding from Tastyworks to tastytrade in 2023, aligning its identity more closely with its services. Furthermore, the company has expanded its physical presence in Chicago, launching a 35,000-square-foot office and studio space. Alongside this growth, it is investing in the Greenwood Project, a nonprofit initiative aimed at promoting diversity in the financial industry. This initiative reflects the firm’s belief that fostering opportunities for underrepresented communities can lead to meaningful change within the sector.
The CEO of IG North America, alongside the President of the brokerage, expressed a commitment to diversity and inclusion, viewing the partnership with the Greenwood Project as a significant step towards building a more equitable financial services landscape.
Overall, Rutter’s leadership ambitions and the brokerage’s ongoing expansion highlight a determined effort to enhance its market presence and product offerings, while also committing to social responsibility within the industry.