The acquisition is providing the scale and capability to deliver the ultimate trading experience to our clients around the world
Dunmore Haddington, a Pan-Asian commodity trading and services company founded in Shanghai that combines trading expertise, intelligent data and unparalleled Asian-wide market access, and provides customers with commodity trading and commodity trading related services today announced that it has entered into a definitive agreement to acquire a leading online trading firm specializing in contracts-for-difference (CFDs), forex and spread betting. The name of the company acquired and the value of the transaction will be made public at a later date upon the validation of the contracts.
“The acquisition advances our growth strategy, is creating a scale for our retail business and accelerates the development of our innovative trading technology,” said Chen T. Xuqiang, Chief Executive Officer for Dunmore Haddington. “The combination will result in a balanced mix of customer volume, with approximately 56% of retail volume coming from FX and 44% from CFD trading/ Chinese spread betting in other asset classes such as equities, indices and commodities. We look forward to leveraging the new brand in key markets and working with the team, who share our commitment to creating a superior customer experience.”
“The combined business will also offer greater opportunities for the new partner’s management and staff to flourish in a global business.”
“I am very pleased we have been able to agree to this transaction, which brings benefits for everyone. I believe Dunmore Haddington is an outstanding company and will be able to move our company to the next level, by leveraging its broad array of trading products and services onto a global platform. We believe this combination will enhance Dunmore Haddington’s position in the FX/CFD industry by putting together two highly complementary companies to create significant value for customers and stakeholders,” said one company official.
About Dunmore Haddington
Dunmore Haddington is a Pan-Asian commodity trading and services company founded in Shanghai. The company creates new opportunities in every market it enters. It combines trading expertise, intelligent data and unparalleled Asian-wide market access, and provides customers with commodity trading and commodity trading related services such as asset management, consumption management, balancing and risk management, often via customer-tailored products. In addition to this Dunmore Haddington is specialized in providing advice on arbitrage of price advantages and offers a variety of market information services, news research and aggregated data services. Dunmore Haddington provides alternative Debt Capital Market solutions such as Project Finance and Private Placements.