Futures broker RCG buys MG Financial
Scott Gordon, RCG chief executive in Chicago, said the combination of the two companies enables RCG to continue its aggressive growth plans.
New York-based MG Financial will retain its name and present management, and continue to offer its FX products through its proprietary DealStation trading platform. RCG is headquartered in Chicago and had client equity of $1.6 billion in the second quarter of 2008. The futures brokerage and clearing firm has more than 25,000 active accounts.
MG has been
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