FOW reported first that GFI was in talks to sell Kyte in January this year
US futures brokerage and clearing firm RJ
O’Brien has confirmed that it will acquire
European derivatives clearing company, Kyte Group, from broker
GFI Group for an undisclosed fee.
As reported first by FOW in January, RJ
O’Brien’s European arm will acquire
the subsidiary in order to back its strategic European
"Kyte has multiple co-location facilities,
including in London and Frankfurt. RJO's European clients will
gain access to multiple trading platforms that Kyte provides
for its clients. Clients of Kyte will be able to access markets
in Asia once the acquisition is complete. RJO has offices in
Beijing and Hong Kong that leverage its expertise in
agricultural markets and middle market clients," said the
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