Getco To Acquire U.K. Forex Trader

Getco is expanding into the foreign exchange and futures trading market by acquiring London-based trading house Automat.

Getco is expanding into the foreign exchange (FX) and futures trading market by acquiring London-based trading house Automat, The Wall Street Journal reports. The market-making firm has not disclosed the financial details of the transaction.

As part of the deal, Automat founders John Williams and Martin Vu will join Getco’s European branch in London. Chicago-based Getco also has branches in New York and Singapore.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Financial Times.