CHICAGO--(BUSINESS WIRE)--Macquarie Group (Macquarie), a global provider of banking, financial, advisory, investment and funds management services, today announced it has entered into an asset purchase agreement to acquire the business and assets of US futures clearing firm, Shatkin Arbor, Inc. (Shatkin Arbor). Shatkin Arbor will be integrated into Macquarie’s existing US futures business, Macquarie Futures USA Inc. (Macquarie Futures), significantly expanding Macquarie Futures’ capabilities by enabling it to directly execute and clear trades at both the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). Financial details of the transaction were not disclosed.Headquartered in Chicago, Shatkin Arbor is a well-established US Futures Commission Merchant (FCM) with full clearing memberships at both the CBOT and CME. The primary business of Shatkin Arbor is the provision of futures execution and clearing services to local members and select introducing brokers. Shatkin Arbor was established over 40 years ago by two prominent futures industry participants, Henry Shatkin and Patrick Arbor, and has a strong track record of experience.
Macquarie Futures USA Inc. (Macquarie Futures) is based in New York and executes and clears futures contracts on major futures exchanges in the United States and around the world through Macquarie affiliates. Macquarie Futures is registered with the Commodity Futures Trading Commission as a Futures Commission Merchant (FCM). Its clients include commodity and energy producers and consumers as well as US based and international fund managers.
Bill Marynissen, Executive Director and Global Head of Macquarie’s futures business, said, “Shatkin Arbor complements Macquarie’s current US futures operations extremely well, giving us a strong and proven clearing platform for our growing efforts in the region. Adding this experienced team to our business will significantly expand our operations by enabling Macquarie Futures to directly execute and clear trades on both the CME and CBOT markets for our clients.”
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