Schott OFT Reinforces Expansion Actions in China

Schott OFT (www.schott-oft.com) announced it has agreed to acquire a renowned Chinese Commodity Broker. The transaction is expected to close later in the year, subject to regulatory approvals and the name will be made public shortly after. The terms of the transaction were not disclosed. In addition, Schott OFT intends to bring Chinese trading products to boost trading liquidity.

Schott OFT already has an experienced team of employees based in Hong Kong. The team currently provides research for off-shore funds including Chinese commodities and BRIC futures trading products.

Peter Sullivan, President of SCHOTT OFT, said: “China is one of the world’s largest growth markets and a strategic priority for our firm. This acquisition illustrates our commitment to expand in China and we look forward to working closely with them to accelerate the growth of the business. We are also pleased to announce that we will benchmark trading products tailored to meet local needs. As commodities products demand continues to grow significantly in China, local expertise and global platform will provide us the opportunity to grow further and enhance our offering for clients.”

Schott OFT (www.schott-oft.com) has been providing commodities trading and investment advisory services for investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Schott OFT is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Schott OFT is a commodity broker for futures and commodity trading, which specializes in Broker Assisted trading at discounted commission rates. Schott OFT offers Discount Online futures trading account plans and Broker Assisted commodity account plans to meet the needs of serious commodity futures traders and commodity option traders. Our mission is to provide state of the art order entry capabilities; extremely competitive commission rates and the professional service that today's futures trader’s demand. We strive to maintain our solid reputation by providing our clients with competitive rates and quality service second to none.