NEW YORK--(BUSINESS WIRE)--Hold Brothers*, an online trading pioneer, is celebrating its 20th anniversary. Formed as On-Line Investment Services, Inc. in 1994, the firm has been a leader in direct access equity trading and high-speed trading software.
Over the last 20 years, Hold Brothers has continually evolved to meet changing market and trader needs. The firm became a broker/dealer in 1995, also earning the distinction of the world’s first day trading news caller firm that year. Hold Brothers launched its proprietary Graybox trading software in 1999 to offer traders high-availability, high-speed market liquidity access, and expanded nationally during the trading boom of the late 1990s.
In 2000, the firm achieved more than $130 million in revenue and formally changed its name to Hold Brothers. That same year, it was included in the Inc. 500, with a ranking of 152 and the following year was ranked 150. The firm began self-clearing trades for proprietary trading in 2002. Global expansion began in 2003 as Hold Brothers opened trading operations in countries of the former Soviet Union and experienced strong growth there. In 2006, the firm established offices in Asia.
Reflecting the firm’s growing stature, Hold Brothers was invited to ring the NYSE Opening Bell in 2006. By that time, the firm had more than 600 traders and staff around the world. Two years later, that number reached 750 as international trading experienced rapid growth. In 2010, the firm had over 2,000 traders worldwide.
“We are proud of Hold Brothers’ 20-year legacy of leadership in providing trading access to individuals and institutions around the world,” said Gregory F. Hold, CEO, Hold Brothers. “As the market, technology, and traders’ needs change, Hold Brothers is continuing to evolve to offer solutions aimed at helping traders achieve their goals. We are excited about the prospects ahead.”
About Hold Brothers
Hold Brothers is a leader in providing equities traders with the tools and information they need to execute trades quickly, effectively and efficiently, in any market environment. Since 1994, Hold Brothers has been committed to developing flexible and cutting-edge technology designed to meet the changing demands of the global trading industry. For more information, please visit: www.hold.com.
*Hold Brothers is the marketing name for Hold Brothers Capital, LLC, (a registered broker-dealer and a CBOE member) and its affiliates. All securities activities and transactions are handled through Hold Brothers Capital LLC.