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Article: Short-Term Trading Pioneer Schonfeld Group Acquires ETG, LLC; Schonfeld Continues Consolidation of Trading Industry Started with 2002 Acquisitions of Heartland and Broadway, Recently Trinix Securities.
- Article from:
- Business Wire
- Article date:
- August 30, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Schonfeld Group:
--Addition of 300 Plus Traders - Retail and Proprietary - Adds to Schonfeld's Industry-Leading Trader Headcount/Volume;
--Diversifies Schonfeld's Historical Facilities-based Focus with Online Traders;
--Grows National Presence
Schonfeld Group, a leading proprietary and retail trading and investments firm, announced today the acquisition of Electronic Trading Group (ETG), LLC, one of the largest remaining independent professional trading firms, furthering the active trading industry consolidation that Schonfeld has spearheaded over the past three years.
The deal will bring 325 traders into the ...