Strategy Runner Delivers Unique, Automated Trading Solutions for Retail Investors and Professional Traders
NEW YORK--(BUSINESS WIRE)--MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, today announced that it has acquired Strategy Runner Trading Ltd., a multi-asset front-end trading system and algorithmic trading solutions provider that enables professional traders and retail investors the ability to access, automate, distribute and implement trading strategies. The firm paid $3.75 million for the acquisition.
This acquisition advances MF Global's strategy to build a comprehensive multi-asset, multi-currency, electronic trading platform to meet demand among retail investors and professional traders for efficient, cost-effective global market access from a single point of entry. Strategy Runner's platform currently offers trading in futures, foreign exchange and contracts for difference (CFD) markets around the world. MF Global intends to expand this offering over time.
The firm recently restructured its Retail Services division to better serve global retail clients and professional traders. The realignment of the business focused on leveraging MF Global's geographic footprint and diverse product offering to create a unified and scalable, customer-focused retail platform.
"As one of the world's leading futures and options brokers, we're maximizing the power of our global resources and brand to provide broad market access and better serve our key client segments," said Randy MacDonald, global head of Retail Services, MF Global. "Through the strategic addition of Strategy Runner, we will work to build an enhanced platform for clients to execute unique, automated trading strategies across multiple asset classes. We believe our global distribution coupled with Strategy Runner's innovative platform will offer best-in-class service and opportunities to investors and traders around the world."
"We are thrilled to be joining MF Global," said Yakov Becker, chief executive officer, Strategy Runner Trading. "We're proud of the progress we've made in creating this platform and excited about the opportunities presented by this combination and the potential to accelerate investment and distribution of our products. We look forward to continuing to serve Strategy Runner clients, and expand our offering to retail investors around the world."
About Strategy Runner
The Strategy Runner trading platform provides a professional, customizable charting package, an all-inclusive analytics package complete with hundreds of technical indicators and money management features including trade-outs and scale-outs. For individual investors, Strategy Runner provides access to third-party trading strategies via Strategy Exchange, which enables clients to utilize algorithmic trading techniques and gain exposure to the benefits of alternative markets.
About MF Global
MF Global (NYSE: MF) is one of the world's leading brokers of commodities and listed derivatives. The firm delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. MF Global provides access to more than 70 exchanges around the world and is a leader by volume on many of the largest derivatives exchanges. The firm is also one of 22 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York. MF Global helps clients discover and capitalize on market opportunities by providing actionable insight, market expertise and deep liquidity. For more information please visit mfglobal.com.
Forward-Looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including statements relating to the Company's future revenues and earnings, plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated. We caution you not to place undue reliance on these forward-looking statements. We refer you to the Company's latest Annual Report on Form 10-K on file with the Securities and Exchange Commission (SEC), and any amendments thereto, for a description of the risks and uncertainties the Company faces.
Contacts
Investors:
Lisa Kampf, +1 212-589-6592
lkampf@mfglobal.com
or
Media:
Tiffany Galvin, +1 212-589-6280
tgalvin@mfglobal.com