The Small Exchange, Inc. is a Chicago company offering small, standard futures contracts for retail and institutional traders.
Founded in 2017 and headquartered in Chicago, US, The Small Exchange, Inc. offers small, standard futures contracts intended to make futures trading simpler for retail investors and institutions. Its revenue comes mainly from transaction fees and partnerships with clearing and non-clearing firms. CEO Donald Roberts leads the company. In October 2025, Kraken acquired Small Exchange, Inc. from IG Group for USD 100 million. Its funding stage is listed as Seed.
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