USFE’-s press release:
U. S. Futures Exchange Evaluating Strategic Alternatives
Sale of Exchange Sought by Year-End
CHICAGO, December 17, 2008 – The board of directors of the U.S. Futures Exchange (USFE), over the last several weeks, has actively sought a strategic sale of its operations, with the goal of reaching a resolution by December 31, 2008.
“We are currently in the process of seeking a strategic investor who can leverage the vision of the USFE market model,” said Bernard W. Dan, chairman, USFE. “As this process moves forward, the marketplace can count on the continued professionalism of the USFE employees who have led a bold vision to pioneer new futures products.”
The board of directors of USFE is made up of 3 independent directors as well as representatives of its three principal shareholders MF Global Ltd., Man Group plc, and U.S. Exchange Holdings, Inc. USFE was formed in 2006 through a capital investment by Man Group plc.
About U.S. Futures Exchange
Chicago-based U.S. Futures Exchange offers specialized products to meet the unique market demands of retail, hedge fund and institutional customers in a fully-regulated, centrally-cleared futures and options exchange. U.S. Futures Exchange was formed in 2006, following a capital investment from Man Group. For further information, visit www.usfe.com.
More info: Reuters