Fimat strengthens its execution capabilities with the acquisition of Cube Financial
Futures and options brokerage Fimat has strengthened its execution capabilities with acquisition of Chicago and London-based brokerage firm Cube Financial.
Cube, which employs in excess of 100 brokerage specialists, provides execution services to financial intermediaries and end-user clients, specializing in exchange traded derivatives and securities.
Fimat believes the acquisition of Cube fits perfectly into its strategy by complementing its execution and clearing capabilities, and will reinforce its position as a leading futures and options brokerage.
'The combination of the two entities will allow Fimat to significantly increase the volume of its transactions in futures and options, and will further confirm Fimat's place as a top broker in the London market,' says Nicolas Breteau, CEO of Fimat UK and European Zone Managing Director.' Fimat and Cube will pool their market intelligence to better serve their clients, offering them one-stop shop access to a wider range of innovative products and services' says
Patrice Blanc, CEO Fimat Group, adds: 'Both Fimat and Cube Financial are fast-growing entities with lean and efficient operations. We are scaling up with this acquisition, achieving at the same time strong commercial synergies and benefits in terms of processes and systems.'
John Ruskin, managing director of Cube Financial believes the two companies are a very good fit. 'Cube has an entrepreneurial spirit, which fits very well into the Fimat way of doing business,' he says. 'The combination of our strengths in worldwide execution and clearing will create a brokerage champion, a destination of choice for clients and brokers alike.'
Background notes: Cube Financial provides execution services to institutional and end user clients. The firm specializes in exchange-traded derivatives and over the counter derivatives. In addition Cube also provides services to clients in Cash Equities, Government and corporate bonds and corporate foreign exchange. The Cube group was formed in 1997, initially as a floor operation on the LIFFE floor. The company has since evolved to embrace screen trading in a number of different products. Cube has offices in London and Chicago and employs in excess of 100 execution professionals. It is a member of every major derivative and cash exchange in Europe and has a floor presence on the Chicago Board of Trade and Chicago Mercantile Exchange. Cube is therefore able to offer its clients a broad range of execution services.
For further information and related articles on Trading & Execution, please click here
- By Category
- News from other sites
- Special Reports
- By Location
- Asian Hedge Funds
- BVI Hedge Fund Services
- Bermuda Hedge Fund Services
- Canada Hedge Fund Services
- Cayman Hedge Fund Services
- Channel Islands Stock Exchange
- Future of offshore funds
- Gibraltar Hedge Fund Services
- Guernsey Hedge Fund Services
- Hedge Funds in Germany
- Hong Kong Hedge Fund Services
- Ireland Hedge Fund Services
- Isle of Man Hedge Fund Services
- Jersey Hedge Fund Services
- Jersey Private Equity Services
- Latin American Hedge Funds
- London Hedge Fund Services
- Luxembourg Hedge Fund Services
- Luxembourg Private Equity Services
- Malta Hedge Fund Services
- Middle East Hedge Fund Services
- Singapore Hedge Fund Services
- South African Hedge Fund Services
- Spanish Hedge Funds 2008
- Switzerland Hedge Funds
- US East Coast Hedge Fund Services
- US Hedge Fund Services
- By Subject
Latest Special Report
- By Location