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Interesting. How can you find the financial date on a particular firm?
Interesting. How can you find the financial date on a particular firm?
just click on the link above
What about Ikon Royal?
Do you have more info?
Thanks
Ikon $8,088,000
What about Ikon Royal?
Do you have more info?
ThanksThanks forexsavior for your up-to-date information. I really appreciate it.
Rosenthal Collins Buys MG Financial
The Great consolidation continues. Today RCG announced that they have bought out Money Garden:
Rosenthal Collins acquires MG Financial -- chicagotribune.com
Rosenthal Collins acquires MG Financial
By James P. Miller | Tribune staff reporter
11:34 AM CDT, October 15, 2008
Rosenthal Collins Group LLC, the Chicago futures clearing firm, said Wednesday that it has acquired New York-based MG Financial LLC, a provider of online trading services in the foreign exchange market.
The two closely held concerns didn't disclose terms of the acquisition, beyond saying that it involved "an exchange of equity interests."
Rosenthal President Maureen Downs noted that the futures brokerage and clearing company embarked late last year on a growth initiative focused on capitalizing on the growing demand for futures and options, and building its presence in offshore markets such as Europe, South America, the Middle East and Asia. "We have made great progress in the past year," the executive said, "and today's transaction with MG tekes us to a whole new level with an unparalleled futures and foreign-exchange offering throughout key Asian markets and all of these regions."
MG Financial, which was founded in 1992 and began offering online trading services in 1997, has an extensive client base in Asia, particularly among Chinese-speaking clients outside of China because of regulatory restrictions that are in force on the mainland of China, Rosenthal said; all MG traders are required to speak at least two languages fluently, Rosenthal said, and the New York firm's polyglot group of traders contains people who speak languages such as Mandarin Chinese, Japanese, Russian, Arabic, German and Spanish.
Money Garden clearly could not survive on its own judging from their latest net capital number which is barely above $5 million. Expect more such buyouts in the next 12 months as the field winnows.