“By partnering with Greenwood Project, we are not only investing in the future of talented Black and Latino students but also contributing to a more diverse and inclusive financial services industry.”
IG US Holdings, Inc. has announced that the team at tastytrade will be moving to its new 35,000 square feet headquarters in the Fulton Market district in downtown Chicago.
tastytrade is the online brokerage firm created by traders to give self-directed investors the tools to manage their own money. Sharing the office space will be separate brand-new studios for tastylive, the financial network broadcasting live to millions of people worldwide with over 100 original shows.
tastytrade will make a $600k investment in Greenwood Project
To mark the brokerage firm’s commitment to Chicago, IG said tastytrade will make a $600,000 investment in Greenwood Project, a non-profit organization dedicated to propelling Black and Latino college students into high-trajectory careers in financial services.
Greenwood Project, led by chief executive Kwesi Smith, has garnered widespread acclaim for its innovative approach to bridging the racial wealth gap by providing tailored educational opportunities and professional development training to aspiring Black and Latino college students. With a strong track record of success, Greenwood Project boasts an impressive 70% placement rate into financial services for its alumni.
tastytrade’s investment will enhance Greenwood Project’s mission and assist the organization to implement career-tracked learning opportunities, targeted recruiting efforts, technology to support learning and individual coaching to support scholars both academically and personally.
It will allow scholars to access online learning resources during the year at their universities throughout the country. This will be supplemented by live cohort learning experiences. Additionally, Greenwood Project will collaborate closely with tastytrade to leverage their in-depth trading knowledge, further preparing scholars for careers in trading and other areas of finance.
“Tastytrade is a testament to how far a good idea can go”
Governor JB Pritzker, said: “Tastytrade is a testament to how far a good idea can go – from an Illinois startup to a billion-dollar company ready to expand and grow its Chicago footprint in preparation for many more years of innovation. Their partnership with Greenwood Project will empower Chicago students to pursue careers in finance, creating more opportunities for good ideas to take root and grow into the next generation of companies like tastytrade.”
JJ Kinahan, CEO of IG North America and President of tastytrade, said: “We’re excited to double down on our commitment to Chicago. At IG North America, we believe opportunity can drive positive change. By partnering with Greenwood Project, we are not only investing in the future of talented Black and Latino students but also contributing to a more diverse and inclusive financial services industry.”
Kwesi Smith, CEO of Greenwood Project, said: “We are thrilled to have tastytrade join us in our mission to empower the next generation of leaders in finance. This investment enables us to expand our reach, increase our scale, and provide even more tailored support to our scholars as they embark on their journey towards successful careers in financial services.”
Tastylive and tastytrade, subsidiaries of IG North America, were created in Chicago by the co-founders of thinkorswim, Tom Sosnoff and Scott Sheridan, and acquired by UK-headquartered IG Group for $1 billion in 2021.
