Widmer Options Acquires Grun Financial
Widmer Options is pleased to announce successful acquisition of Grün financial.
- (1888PressRelease) September 24, 2010 - Widmer Options (www. widmeroptions.com) , today announced it has signed a definitive agreement to acquire Grün Financial, for approximately EUR 7 million, plus additional consideration based upon future performance. Widmer Options anticipates the transaction to close on September 30, 2010. Grün Financial, based in Wien, is an innovative futures broker offering direct access futures trading through its proprietary software platform, GrünTrade. The Grün Financial platform contains a set of complex systems and order routing technology specifically designed to meet the standards of high volume commodities and futures traders. End user access is achieved through a downloadable software interface or through a proprietary API.
"We believe the acquisition of Grün Financial further enhances Widmer Options position as the premiere derivatives-focused brokerage," said Lukas Widmer, President of Widmer Options. "We anticipate significant growth in the futures industry, and this acquisition provides us with a world-class platform to expand our market presence by appealing to institutions and highly active traders."
Grün Financial was formed in 1999 by its president and founder, Ferdinand Grün. With an emphasis on speed, reliability and ease of use, Grün Financial has developed a platform that caters to the specific needs of high volume futures traders.
"We think Widmer Options is a great fit for Grün Financial. Bringing our companies together creates a terrific array of tools and products for all types of investors," commented Mr. Grün. "This business combination provides a tremendous opportunity for us to accelerate Grün Financial's growth by leveraging Widmer Options robust infrastructure."
About Widmer Options
Widmer Options is an independent and direct access brokerage firm that builds and markets highly developed yet effortless direct access to trading innovation offered to online traders, investors, hedgers and institutions.
Widmer Options was founded in 1995 in Wien and since then, it has provided premier futures brokerage service to individual and institutional traders worldwide.
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