MF Global Holdings Ltd., a broker-dealer based in New York that provides stock market trading and hedging solutions has just announced that it has acquired Chicago-based Strategy Runner Trading Ltd., a diverse and multi-asset front-end trading platform and algorithmic trading solutions provider that allows professional traders and retail investors alike the ability to access, automate, distribute and implement financial trading strategies. The firm paid $3.75 million as consideration for the acquisition.
The Strategy Runner trading platform provides access to a professional and customisable charting package complete with a full suite of technical indicators and money management systems including trade-outs and scale-outs. Private traders and investors are also able to access third party trading systems via Strategy Exchange, which empowers clients to make use of algorithmic trading techniques and gain exposure to the benefits of alternative markets. Strategy Runner’s platform presently offers trading in futures, currency trading and contracts for difference markets around the world.
According to insider sources, MF Global intends to continue expanding the Strategy Runner trading application over time. In particular, MF Global hopes to utilise the technology it has acquired to help it build a robust multi-asset, multi-currency, electronic trading platform to meet demand among retail investors and professional traders for efficient, cost-effective global market access from a single point of entry.
MF Global global head of retail services Randy MacDonald said through the strategic addition of Strategy Runner, they will work to build an enhanced platform for clients to execute unique, automated trading strategies across multiple asset classes.
The company has just restructured its retail services branch to be in a better position to serve retail and professional clients. The realignment of the business focused on leveraging MF Global’s global footprint and diverse product offerings to create a unified and scalable, customer-focused retail platform.
In August MF Global Holdings Ltd. was ordered to boost its net capital reserves after regulators grew wary about its exposure to European debt.