Proprietary trading firm Swift Trade will soon be an international name with plans for new offices in Asia, Europe, The Middle East and North America.

Toronto-based Swift Trade currently has 18 offices up and running, and plans to have over 30 by the end of 2004. The expansion includes offices in as Haifa, Israel; Moscow, Russia; Seoul, South Korea; and Mumbai, India.

“Our one-of-a-kind business model combined with hard work and creativity is what’s allowed our company to expand so successfully,” said Peter Beck, president of Swift Trade, in a news release. “We’re excited to see Swift Trade move into the international scene. We expect the new offices in China, Russia and Israel will have a huge impact on trading world-wide.”

Swift Trade makes tens of thousands of transactions daily representing upwards of 100 million shares on U.S. stock markets including the Nasdaq, New York Stock Exchange and American Stock Exchange. Swift Trade traders move such large volumes that they represent almost 3% of the entire NASDAQ exchange.

Swift Trade began as a retail day trading firm in 1997. The firm enjoyed great success during day trading’s heyday, and in the first two years alone the company expanded by almost 4000%. But when decimalization was introduced in April 2001, Swift Trade was forced to re-think its strategy and began focusing on proprietary trading. Today, the company has completely abandoned retail day trading and is Canada’s leading proprietary trading firm.

To date, Swift Trade has never had a losing day, and the company claims that no matter where the markets stand, bear or bull, its traders will make money.