Tastytrade Becomes the Exclusive Brokerage Platform for Unusual Whales

Tastytrade, an online brokerage platform created by traders and targeting self-directed investors has announced an exclusive partnership deal with options platform, Unusual Whales.

Tastytrade seeks to leverage the transparency offered by Unusual Whales to expand its offerings and assist traders to make informed trading decisions.

Under this partnership deal, Tastytrade will become the exclusive brokerage platform for Unusual Whales. The deal will also ensure that users at Unusual Whales can trade on the Options Flow platform through their Tastytrade account.

Tastytrade Partners With Unusual Whales

While commenting on this partnership, the CEO of Tastytrade, Scott Sheridan, opined that the company believed in the offerings of Unusual Whales and the impact it had in the trading market.

The founder of Unusual Whales also noted that this partnership deal was an exciting one as Tastytrade has previously offered retail options and futures trading. The founder noted that Tastytrade had extensive experience in the industry and had much to offer the retail market.

“With its educational resources and other in-platform content, Tastytrade has a lot to offer to retail traders. We are happy to join the warm waters and integrate Tastytrade’s robust tools on site,” Unusual Whales’ founder added.

Tastytrade Works to Grow Its Offerings

Tastytrade, which is a subsidiary of IG US Holdings, allows investors to manage their investment actively through a powerful platform. The platform allows investors to access educational content that they can use to trade financial assets such as stocks, options and futures.

Tastytrade has been looking to expand its service offerings. The platform unveiled an office space measuring 35,000 square feet. The platform is also committed to investing $600,000 in the Greenwood Project, which is a non-profit seeking to promote diversity in the finance industry.

The CEO of IG North America, who is also the President at Tastytrade, has said that the Greenwood project will help drive positive change at the company. Tastytrade is planning to use the project to support marginalized students that want to promote an inclusive financial service industry.

Tastytrade was acquired by IG Group in 2021 to boost its position in the retail options and futures market. This acquisition allowed the platform to offer its services into the retail trading market in the US.

Tastytrade is now diversifying its service offerings to include a vast range of trading options seeking to meet the needs of retail investors. The firm noted that revenues from US operations grew in the 2023 financial year amid significant growth in the financial market.

The US division of IG Group also has a significant presence in the futures industry. The group is now working on promoting global collaborations while strengthening its position in the financial trading space.