Manhattan Beach Trading, Inc. Acquires EFX Group, LLC
El Segundo, CA, March 05, 2008 --(PR.com)-- Manhattan Beach Trading, Inc. (MBTI), a financial services holding company, has acquired introducing forex agent (IA), EFX Group, LLC. EFX Group, LLC. Will be integrated into MB Trading Futures, Inc. (MBTF). Terms of the deal were not disclosed.
(MBTI) believes that the acquisition provides synergies that will clear the way to increased growth within MBTF. “The EFX Group staff is a dedicated group of professionals in the Forex market place. Their innovative approach to educating customers has played a key role in the expansion of our client base. Their understanding of the retail trading space will further enhance MBTF’s dramatic Forex growth as well as new product offerings,” said Steve Demarest, President of MBTI.
The acquisition includes certain technologies as well as a trading platform that EFX has created to work with the MBTF execution engine for forex traders. “Once we started rolling out the product, it became apparent that we could get more accomplished for the client by working with MBTF directly. The acquisition comes with a high degree of technology sharing which will become immediately apparent to FX clients. Clients will be offered a highly specialized web-based FX platform that will grow with client needs,” adds Jon Floyd, President of EFX Group.
“We are pleased to welcome the skilled group of professionals of EFX Group, LLC, to the MBTI family. Their financial success and strategies complement the MBTF business model,” said Ross Ditlove, CEO of MBTI. EFX Group will continue to operate out of Scottsdale, AZ as an office of MBTF.
About EFX Group, LLC
EFX Group was founded in 2002 as an introducing forex agent of MBTF. Over time, EFX separated itself from MBTF by offering education and enhanced customer support for customers. EFX also has strong connections with institutional traders.
About MB Trading Futures, Inc.
MB Trading Futures offers online execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through its proprietary platform, the MBT Navigator. MB Trading Futures, Inc. is registered with CFTC and is a member of NFA as a Futures Commission Merchant (FCM).
About Manhattan Beach Trading, Inc.
Manhattan Beach Trading, Inc. is a financial services holding company that offers online stock, options, futures, and forex trading through its wholly-owned subsidiaries, MB Trading and MB Trading Futures, Inc. It also offers a proprietary platform, the MBT Navigator, and a smart order route known as MBTX, which intelligently scans market makers, ECNs, exchanges, and dark pools of liquidity for the best available execution price.
Trading in futures and forex is speculative in nature and not appropriate for all investors. Due to the high degree of leverage used in forex trading, investors should only use risk capital when trading futures and forex because there is always the risk of substantial loss.
Contacts:
Manhattan Beach Trading, Inc., David Lipsett - d.lipsett@mbtrading.com
EFX Group, Jon Floyd - jfloyd@efxgroup.com
MB Trading
1926 E Maple
El Segundo CA 90245
866-628-3001
http://www.mbtrading.com
pri
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(MBTI) believes that the acquisition provides synergies that will clear the way to increased growth within MBTF. “The EFX Group staff is a dedicated group of professionals in the Forex market place. Their innovative approach to educating customers has played a key role in the expansion of our client base. Their understanding of the retail trading space will further enhance MBTF’s dramatic Forex growth as well as new product offerings,” said Steve Demarest, President of MBTI.
The acquisition includes certain technologies as well as a trading platform that EFX has created to work with the MBTF execution engine for forex traders. “Once we started rolling out the product, it became apparent that we could get more accomplished for the client by working with MBTF directly. The acquisition comes with a high degree of technology sharing which will become immediately apparent to FX clients. Clients will be offered a highly specialized web-based FX platform that will grow with client needs,” adds Jon Floyd, President of EFX Group.
“We are pleased to welcome the skilled group of professionals of EFX Group, LLC, to the MBTI family. Their financial success and strategies complement the MBTF business model,” said Ross Ditlove, CEO of MBTI. EFX Group will continue to operate out of Scottsdale, AZ as an office of MBTF.
About EFX Group, LLC
EFX Group was founded in 2002 as an introducing forex agent of MBTF. Over time, EFX separated itself from MBTF by offering education and enhanced customer support for customers. EFX also has strong connections with institutional traders.
About MB Trading Futures, Inc.
MB Trading Futures offers online execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through its proprietary platform, the MBT Navigator. MB Trading Futures, Inc. is registered with CFTC and is a member of NFA as a Futures Commission Merchant (FCM).
About Manhattan Beach Trading, Inc.
Manhattan Beach Trading, Inc. is a financial services holding company that offers online stock, options, futures, and forex trading through its wholly-owned subsidiaries, MB Trading and MB Trading Futures, Inc. It also offers a proprietary platform, the MBT Navigator, and a smart order route known as MBTX, which intelligently scans market makers, ECNs, exchanges, and dark pools of liquidity for the best available execution price.
Trading in futures and forex is speculative in nature and not appropriate for all investors. Due to the high degree of leverage used in forex trading, investors should only use risk capital when trading futures and forex because there is always the risk of substantial loss.
Contacts:
Manhattan Beach Trading, Inc., David Lipsett - d.lipsett@mbtrading.com
EFX Group, Jon Floyd - jfloyd@efxgroup.com
MB Trading
1926 E Maple
El Segundo CA 90245
866-628-3001
http://www.mbtrading.com
pri
###
Contact
MB Trading
Ross Ditlove
866-628-3001
www.mbtrading.com
David Lipsett - d.lipsett@mbtrading.com
Ross Ditlove
866-628-3001
www.mbtrading.com
David Lipsett - d.lipsett@mbtrading.com
Contact
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