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The event is actually the third evolution of a championship which began in 1970. It was originally known simply as atp masters tournament, and was organised by the International Tennis Federation (ITF). The atp masters was a year-end showpiece event between the best players on the men's tour, but did not count for any world ranking points. In 1990, the Association of Tennis Professionals (ATP) took over the running of the men's tour and replaced the atp masters with the ATP Tour World Championship....The ITF, who continued to run the Grand Slam tournaments, created a rival year-end event known as the Grand Slam Cup, which was contested by the 16 players with the best records in Grand Slam competitions that year. In December 1999, the ATP and ITF agreed to discontinue the two separate events and create a new jointly-owned event called the masters tennis Cup.

In 2009 the atp masters will be renamed to ATP World Tour Finals and will be staged at The O2 in London.

For many years, the doubles event was held as a separate tournament the week after the singles competition. But more recently they have been held together in the same week and venue. Like the singles competition, the doubles involves the eight most successful teams on the tour each year and starts with a group phase with each team playing three round-robin matches.

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