TransAct Futures was launched in 1998 as York Business Associates with a group of seasoned traders and system developers. Realizing that futures exchange volume was rapidly shifting from the trading floor to electronic trading, York set out to develop an intuitive trading platform for those strictly trading futures electronically. YesTrader, the result of this development initiative, was a joint venture between York Business Associates and a technology investment firm. YesTrader was launched in early 2000, and was well received for its stability and forward-thinking functionality by traders and trading firms, alike. As the firm grew, its capital needs increased. York’s investment partner had begun to feel the weight of the early 2000 technology bubble burst. They liquidated their York investment, which necessitated temporarily pulling YesTrader from the market. In November of 2001, York Business Associates reacquired the YesTrader platform, and was prepared to launch it. Considering the post-September 11 trading and business environment, they decided to keep the platform off the market and continue its development. York used its own professional trading group as a testing and development facility for what would become TransActAT™, their next-generation, keystone software package. In January of 2003, the firm determined that the trading platform and the trading community were ready to meet. They launched TransActAT to a limited audience of Chicago electronic traders and confirmed the validity of the design and service offerings they had developed. Based on their enthusiasm, York went ahead with plans to launch the platform to futures traders nationally. As the newly-renamed TransAct Futures, the firm began aggressively marketing their TransAct Integrated Support, Free trading platform and TransAct Aggressively Low Commissions.