Getco In Deal For UK Forex, Derivatives Trader DOW
JONES NEWSWIRES Market-making firm Getco LLC secured an agreement
to acquire Automat, a London-based trading house specialized in
currency and derivatives markets, the companies said Thursday . The
deal extends the reach of Getco, among the world's most active
electronic trading firms, further into markets that rivals have
targeted as stock-trade becomes increasingly saturated with
high-frequency strategies. Terms of the deal weren't made public.
"We are enthusiastic about the prospect of leveraging their
capabilities across our organization as we expand our European
market making and client services business," said Getco co-founder
Stephen Schuler in a statement.