Marc Bailey, Chief Executive Officer at Sucden Financial, said:
Marc Bailey
We are delighted to have completed this transaction and welcome the team of skilled traders and IT professionals to Sucden Financial. They will add a new interest rates and bonds capability and complement our existing LME and FX options coverage.
Under the acquisition deal, four staff members of Atlantic Trading will join Sucden Financial. The staff members are Fraser Dodwell, Amik Sokhey, Douglas Porter and Bastien Saltel.
Additionally, Sucden Financial revealed that it has decided to officially request market maker status on ICE Futures Europe. The company announced that it wants to offer market-making services on STIR contracts from September 2022.
Earlier in May, Sucden Financial reported it had seen 1,025% jump in profit before tax in 2021.
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