HTG Capital Partners is to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates.
The transaction is expected to close in the third quarter, subject to the completion of certain closing conditions.
Chris Hehmeyer, manager and CEO of HTG, says: “HTG is very excited to partner with the Kottke team. Neal and his partners are giants in our industry, and I am honoured to now be in business with someone I have known for over 30 years. HTG will now provide its expertise, technology and high level of service to the Kottke prop traders, customers and account managers.”
Neal Kottke, CEO of Kottke Associates, adds: “The merging of the operations of HTG and Kottke provides a strong team ready to compete in the futures industry both as principal and as a service provider. It will be a pleasure to work with Chris Hehmeyer and his management team, and I am confident that this venture will be a success.”
Kottke will remain integral to the business acquired by HTG, bringing his expertise as former chairman of the Chicago Board of Trade Clearing Corporation and former vice chairman of the Chicago Board of Trade.
Hehmeyer is the immediate past chairman of the board of the National Futures Association, and also holds a board position at the Futures Industry Association.
