OSTC finalises acquisition of AB Partnership Limited
OSTC, a global financial services company, announced that it has acquired Brighton-based AB Partnership Limited.
The companies have a historical relationship having worked closely together for over 7 years. Managing Director of AB Partnership Limited, Sam Baker described the acquisition as a natural and obvious step allowing his firm to benefit from increased cost efficiencies in regulation, operations and clearing.
OSTC Group Chairman, Jonny Aucamp, added: “As with other similar acquisitions we’ve made recently, the investments we’ve made into systems that deliver regulatory reporting, MAR monitoring as well as the automation of various back-office processes, we’ve been able to take a lot of the heavy lifting off AB to allow them to focus on trading with the added benefit of access to markets which they would not be able to trade on without us.”
OSTC is a significant participant in the world of exchange traded derivatives. Since its inception in 1999, it has grown steadily and currently operates from 13 offices in 8 countries trading 150 million contracts annually on the world’s major futures exchanges.
AB Partnership Limited, was incorporated in 2010 and specializes in trading Short Term Interest Rate Futures and Fixed Income products. It operates out of offices in Brighton where it enjoys a reputation as an excellent employer of talent from local universities.
Terms of the transaction have not been disclosed.