MB Trading Acquires EFX Group

This is a discussion on MB Trading Acquires EFX Group within the Forex Brokers forums, part of the Commercial category; Dear T2W Members, Effective March 1st, EFX Group has been acquired by Manhattan Beach Trading, Inc. (MBTI), the financial services ...

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Old Mar 5, 2008, 8:53pm   #1
 
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MB Trading Acquires EFX Group

Dear T2W Members,

Effective March 1st, EFX Group has been acquired by Manhattan Beach Trading, Inc. (MBTI), the financial services holding company of MB Trading Futures, Inc. (MBTF) and MB Trading. Your account is already held at MBTF, and therefore nothing will change for your account except forthcoming changes in accessing information regarding your account. Currently, the EFX website permits access to your account through its secure login and will continue to do so. Over the course of the next few weeks we will change this to access information from your account at Online Stock Trading | MB Trading Direct Access Brokerage Firm.

The EFX team will still be available to answer your questions about how to use the platform, how the technology works, new account info, Live Helper, etc.

Over the next few weeks our operation is going to expand to help educate people about all markets that MBTI's subsidiaries cover: including Stocks, Futures and Options. The EFX team will continue to be involved in providing you the level of service that you have become accustomed to.

Thank you for your support of EFX Group over the years - we look forward to working with you under the prestigious name of MB Trading.

Please feel free to contact me directly or ask questions on the board.

Press Release:

Manhattan Beach Trading, Inc. Acquires EFX Group, LLC.

(El Segundo, CA) – March 1, 2008 – Manhattan Beach Trading, Inc. (MBTI), a financial services holding company, has acquired introducing forex agent (IA), EFX Group, LLC. EFX Group, LLC will be integrated into MB Trading Futures, Inc. (MBTF). Terms of the deal were not disclosed.

(MBTI) believes that the acquisition provides synergies that will clear the way to increased growth within MBTF. "The EFX Group staff is a dedicated group of professionals in the Forex market place. Their innovative approach to educating customers has played a key role in the expansion of our client base. Their understanding of the retail trading space will further enhance MBTF's dramatic Forex growth as well as new product offerings," said Steve Demarest, President of MBTI.

The acquisition includes certain technologies as well as a trading platform that EFX has created to work with the MBTF execution engine for forex traders. "Once we started rolling out the product, it became apparent that we could get more accomplished for the client by working with MBTF directly. The acquisition comes with a high degree of technology sharing which will become immediately apparent to FX clients. Clients will be offered a highly specialized web-based FX platform that will grow with client needs," adds Jon Floyd, President of EFX Group.

"We are pleased to welcome the skilled group of professionals of EFX Group, LLC, to the MBTI family. Their financial success and strategies complement the MBTF business model," said Ross Ditlove, CEO of MBTI. EFX Group will continue to operate out of Scottsdale, AZ as an office of MBTF.

About EFX Group, LLC
EFX Group was founded in 2002 as an introducing forex agent of MBTF. Over time, EFX separated itself from MBTF by offering education and enhanced customer support for customers. EFX also has strong connections with institutional traders.

About MB Trading Futures, Inc.
MB Trading Futures offers online execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through its proprietary platform, the MBT Navigator. MB Trading Futures, Inc. is registered with CFTC and is a member of NFA as a Futures Commission Merchant (FCM).

About Manhattan Beach Trading, Inc.
Manhattan Beach Trading, Inc. is a financial services holding company that offers online stock, options, futures, and forex trading through its wholly-owned subsidiaries, MB Trading and MB Trading Futures, Inc. It also offers a proprietary platform, the MBT Navigator, and a smart order route known as MBTX, which intelligently scans market makers, ECNs, exchanges, and dark pools of liquidity for the best available execution price.
Trading in futures and forex is speculative in nature and not appropriate for all investors. Due to the high degree of leverage used in forex trading, investors should only use risk capital when trading futures and forex because there is always the risk of substantial loss.
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Justin LeBlang
MB Trading
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