Acquisition Marks Strategic Expansion for Langford Nachman in Derivatives Trading
Online PR News – 06-May-2016 – Langford Nachman, an independent over-the-counter (“OTC”) broking house specialising in commodity and futures trading, today announced that would acquire a Clearing Derivatives Group. Terms of the transaction and the name of the company being acquired were not disclosed. The Hong Kong Trading Authorities has approved the transaction, which is expected to close in the current month.
The firm is one of the most sought derivatives clearing agents, offering risk management, trade settlement and exchange connectivity via Direct Market Access to proprietary traders, brokers, market makers and hedge funds. An independent clearing firm, it has consistently ranked among the top firms operating on Asian Commodity Exchanges.
Michael R. Keung, Chairman and Chief Executive Officer of Langford Nachman, will also serve as CEO of the acquired entity. Mr. Keung said, “Weve made a strategic decision to expand significantly and we are truly thrilled to bring this impressive operation and talented team of high-caliber, seasoned employees into the Langford Nachman family. We also look forward to getting to know the great clients of our new acquisition, who will continue to experience the high level of service offered, along with new access and capabilities that we can now provide. The acquisition will immediately add value, enabling us to accelerate our growth plans and to benefit from robust infrastructure enhancements that would have taken us several years to build from the ground up. This move will help us further capitalize on our recent success in the region, where we have forged a strong team and greatly enhanced our institutional reach.”
Langford Nachman’s clients will gain access to multiple trading platforms that the former firm provided for its clients. Clients will be able to access markets in Asia once the acquisition is complete.
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“is one of the most sought”