CFH Systems Strengthens Asian Focus With Latest Acquisition

Tuesday, 18/10/2016 | 07:40 GMT by Jeff Patterson
  • Capital Market Automation Provider will see an acquisition of a 49% share in its joint partnership with CFH Systems.
CFH Systems Strengthens Asian Focus With Latest Acquisition
Bloomberg

CFH Systems, a service provider to financial groups in the foreign exchange (FX) and contracts-for-difference (CFDs) space, has moved to acquire Capital Market Automation Provider’s 49% stake in its organization, following a strong period of growth for the company, according to a CFH Systems report.

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CFH Systems has made concerted efforts in recent years to drive its growth in Asia, which extend to multiple business segments in the region, including technology, Hosting and infrastructure solutions, for institutional clients. CFH Systems and Capital Market Automation Provider had originally forged a joint venture back in late 2015, which has since blossomed into a fruitful partnership.

For its part, Capital Market Automation Provider will see it’s 49% share in its joint partnership acquired by CFH Systems. The acquisition will benefit both companies, each of which will now pursue divergent goals in the region.

Ole Rossing

Ole Rossing

According to Ole Rossing, Chief Information Officer (CIO), CFH Systems, in a recent statement on the acquisition: “Our joint venture with Capital Market Automation Provider has been a major catalyst for growth in the region and we now have the infrastructure in place to build on these foundations ourselves, with the best route to LD4 and strong, reliable cross connects in China.”

“The acquisition plan was pre-agreed from the outset and because of our successful partnership, both CFH Systems and Capital Market Automation Provider are now in a position to pursue our own individual company ambitions.”

“With the investment CFH Systems has made in our infrastructure, combined with our close partnership with UK-based Liquidity provider, CFH Clearing, I believe that we offer an unrivalled front-to-back white label trading solution in Asia and beyond – and that we are now a major leader in the Asian market,” he noted.

“We are exceptionally pleased to have helped CFH Systems to accelerate its growth in China and become one of the most recognized brands in the region. Our focus is now on the GMI business, and following the appointment of Ashraf Ebid as our Global CEO and subsequent explosive growth in just the past 5 months under Ashraf’s leadership, we plan to evolve our core trading services and strengthen our presence throughout the world,” reiterated Jeff Chao, founder and Chief Operating Officer (COO) of Global Market Index (GMI), in an accompanying statement.

CFH Systems, a service provider to financial groups in the foreign exchange (FX) and contracts-for-difference (CFDs) space, has moved to acquire Capital Market Automation Provider’s 49% stake in its organization, following a strong period of growth for the company, according to a CFH Systems report.

Don't Miss Your Last Chance to Sign Up for the FM London Summit. Register here!

CFH Systems has made concerted efforts in recent years to drive its growth in Asia, which extend to multiple business segments in the region, including technology, Hosting and infrastructure solutions, for institutional clients. CFH Systems and Capital Market Automation Provider had originally forged a joint venture back in late 2015, which has since blossomed into a fruitful partnership.

For its part, Capital Market Automation Provider will see it’s 49% share in its joint partnership acquired by CFH Systems. The acquisition will benefit both companies, each of which will now pursue divergent goals in the region.

Ole Rossing

Ole Rossing

According to Ole Rossing, Chief Information Officer (CIO), CFH Systems, in a recent statement on the acquisition: “Our joint venture with Capital Market Automation Provider has been a major catalyst for growth in the region and we now have the infrastructure in place to build on these foundations ourselves, with the best route to LD4 and strong, reliable cross connects in China.”

“The acquisition plan was pre-agreed from the outset and because of our successful partnership, both CFH Systems and Capital Market Automation Provider are now in a position to pursue our own individual company ambitions.”

“With the investment CFH Systems has made in our infrastructure, combined with our close partnership with UK-based Liquidity provider, CFH Clearing, I believe that we offer an unrivalled front-to-back white label trading solution in Asia and beyond – and that we are now a major leader in the Asian market,” he noted.

“We are exceptionally pleased to have helped CFH Systems to accelerate its growth in China and become one of the most recognized brands in the region. Our focus is now on the GMI business, and following the appointment of Ashraf Ebid as our Global CEO and subsequent explosive growth in just the past 5 months under Ashraf’s leadership, we plan to evolve our core trading services and strengthen our presence throughout the world,” reiterated Jeff Chao, founder and Chief Operating Officer (COO) of Global Market Index (GMI), in an accompanying statement.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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