KPMG Corporate Finance LLC (“KPMG CF”) acted as exclusive financial advisor to MB Trading Holdings LLC (“MBT”) in its sale to TradeKing Group, Inc. (“TradeKing”).
MBT is the holding company for Manhattan Beach Trading Financial Services Inc., a California-domiciled online brokerage company and MB Trading Futures Inc, an NFA and CFTC-registered online retail foreign exchange and futures broker. MBT offers online trading technology for a broad range of securities including equities, futures, options and foreign currency to retail and institutional investors. The combined, post-acquisition firm will operate under the TradeKing brand with offices continuing in Fort Lauderdale, Florida; Charlotte, North Carolina; and El Segundo, California. The existing TradeKing management team will remain in their current roles with key players from MB Trading joining the TradeKing team.
TradeKing is a privately held, venture and private equity-backed, Florida-based online brokerage company providing a range of online trading services including options, stocks, exchange traded funds, mutual funds, fixed income and foreign exchange funds and built through a combination of organic and acquisitive growth.
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