Atlantic Trading Acquired By Sucden Financial
Atlantic Trading London Ltd., a trading house for proprietary market-making derivatives, has been purchased by Sucden Financial, a provider of multi-asset execution, clearing and liquidity. Atlantic Trading was known as providing liquidity and making markets on bond and interest rate options for 19 years, covering all European and some US interest rate markets.
Their team consists of quantitative strategic traders, whose in-depth analysis and high-end tools provided insight into markets and identified trading opportunities.
Four of those team members will join Sucden Financial as part of the acquisition. They are Amik Sokhey, Fraser Dodwell, Bastien Saltel and Douglas Porter. Subsequently, Sucden Financial is set to formally request market maker status with ICE Futures Europe, in a move towards making markets on STIR contracts as soon as September 2022.
Acquisition
The CEO at Sucden Financial is Marc Bailey, and he has commented on the acquisition. He expressed delight at the completion of the transaction and looked forward to welcoming the new team of IT professionals and skilled traders.
He acknowledged that they will “add a new interest rates and bonds capability” that will work alongside the company’s existing FX and LME options coverage.
Sucden Financial
Sucden Financial has a rich heritage in trading commodity futures and options. Their journey has been one of evolution and diversification to emerge as a leading multi-asset execution, clearing and liquidity provider. They work within FX, commodities and fixed income.
The track record of the company is extensive – they have a history of success that spans nearly 50 years in financial markets. The company was founded in 1973, and it has been maintained under the watchful eye of its parent, Sucden.
This stands as one of the world’s foremost soft commodity trading groups, and while Sucden Financial is overseen by its parent, it remains fully independent in its daily operations.
With such a long history in this industry, weathering many storms to keep moving forward, Sucden Financial has earned a positive reputation. As such, this latest acquisition is a very meaningful one. Sucden Financial Ltd. is regulated and authorised by the Financial Conduct Authority.