Global Futures & Forex , Inc. (GFF Brokers), an independent brokerage firm offering futures, FX and options trading, has acquired Global Futures – the acquisition will help the group better compete via lower commissions and pricing at a time when much of the industry is seeing scaled back fees for clients.
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GFF Brokers is a newly registered member of the National Futures Association (NFA) – its service suite includes a composite of futures and options trading platforms, products, and services. Beyond this, the group boasts widespread clearing capabilities that allow its domestic clients access to the world's major futures and options exchanges in North America, Europe and Asia.
Global Futures itself is an online independent introducing brokerage firm. The primary impetus behind the acquisition was the ability to offer more competitive trading commissions for clients, including the expansion of a low-priced futures and options trading service.
This has been a growing trend in the United States over the past couple years, as many brokerages have collectively slashed their fees and commissions for new and existing clients. The trend has created a growing competition amongst brokerages as clients have become increasingly less willing to compromise on margins, pricing, and other fees. Additionally, the acquisition will help GFF Brokers provide improved access to high-tech electronic trading platforms, risk-monitoring software, and advanced technologies.
In tandem with this development, GFF Brokers has also introduced a freshly rebranded website, www.gffbrokers.com, which shows its revamped futures, options, and overall trading services suite.
According to Greg Khojikian, founder and CEO of GFF Brokers, in a statement on the acquisition and pricing: “We look forward to continuing the tradition of providing low-cost futures trading backed by quality customer service along with an array of futures Trading Platform offerings and laying the ground work for new trading services.”
“While GFF Brokers is a newly formed entity, many of the veteran Global Futures brokerage, operations and various team members will continue in their roles providing strong continuity of service and support for futures traders,” he added.
