REFCO Overseas Ltd, a provider of execution and clearing services for exchange-traded derivatives, has entered into an agreement to acquire specialist equity derivative brokers, Greenwich Europe Limited and Greenwich SA Ltd.
“Greenwich gives us access to new markets and clients,” said Mark Slade, Managing Director of REFCO Overseas Ltd. “We have been keen to expand our capabilities in emerging market derivatives for some time.”
“Greenwich is one of the largest participants in the South African and Russian equity derivatives markets. Consolidating with REFCO allows us to offer our clients a truly global and multi-product derivatives service,” said Bryan Coyne, Managing Director of Greenwich.
The transaction is expected to close within the next two months, subject to regulatory clearances and other closing contractual conditions.