The board of directors of the U.S. Futures Exchange (USFE) seeks a strategic sale of its operations. The resolution must be reached by 31 December 2008.
USFE was founded in 2006 through a capital investment by Man Group plc. The board of directors of USFE is composed of 3 independent directors as well as representatives of its three principal shareholders MF Global Ltd., Man Group plc, and U.S. Exchange Holdings, Inc.
“We are currently in the process of seeking a strategic investor who can leverage the vision of the USFE market model,” says Bernard W. Dan, chairman, USFE. “As this process moves forward, the marketplace can count on the continued professionalism of the USFE employees who have led a bold vision to pioneer new futures products.”
L.D.