Fimat expands with Cube buy

10 Apr 2006

As predicted by FO Week in March (see FO Week Vol 11 No 9), Fimat has acquired London-based FCM Cube Financial, according to a statement released by the Société Générale-owned firm last week.

Fimat said that the acquisition would fit "perfectly" into its strategy by complementing its execution and clearing capabilities. Financial details of the deal had not been disclosed by press time.

The rest of this article is for subscribers only. Would you like to take a free trial?

Unlimited access
Data & graph exports
Daily data brief
Weekly newsletter

News & Analysis access
Extensive data searches
Access to archive
Weekly newsletter

Already have an account?

Username:
Password:

Remember me? | Forgot your password?

“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.