07.25.2022

Sucden Financial Buys Atlantic Trading for Market Making

07.25.2022
Sucden Financial Buys Atlantic Trading for Market Making

Sucden Financial, the multi-asset execution, clearing and liquidity provider, has purchased the trading, IT and IP assets of Atlantic Trading London Limited, a proprietary market-making derivatives trading house.

Atlantic Trading acted as a liquidity provider and market maker on interest rate and bond options, covering all European and select US interest rate markets for nineteen years. Their team of quantitative strategic traders utilised in-depth trading analysis and high-end visual tools, providing market insight to develop trading opportunities.

Four staff members will join Sucden Financial as part of the agreement: Fraser Dodwell, Amik Sokhey, Douglas Porter and Bastien Saltel. Sucden Financial will officially request market maker status on ICE Futures Europe, with the intention of making markets on STIR contracts from September 2022.

“We are delighted to have completed this transaction and welcome the team of skilled traders and IT professionals to Sucden Financial. They will add a new interest rates and bonds capability and complement our existing LME and FX options coverage.”

Marc Bailey, Chief Executive Officer
Source: Sucden Financial 

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