Marex to acquire Winterflood Securities from Close Brothers in £100 million deal
The move is set to support Marex’s expansion of its UK cash equities business, and is expected to close in early 2026, subject to regulatory approval.
The move is set to support Marex’s expansion of its UK cash equities business, and is expected to close in early 2026, subject to regulatory approval.
The move extends the exchange’s geographical and regulatory presence in the EU and follows growing traction for digital assets and crypto exchange-traded products in the UK market in recent months.
The move is expected to strengthen Man Group’s current credit platform and help grow the firm’s footprint in North America.
CCLA is the largest UK asset manager focused on non-profit organisations; Move is motivated by strategic, cultural and financial perspectives, according to Jupiter.
If the acquisition comes to fruition, the combined group would run on a unified trading and post-trade technology, with a cross-border clearing framework.
Following completion, Aquis is set to continue to operate under its current brand and retain its existing management team and business model.
The move comes after agreement was reached in March 2025.
The move will see banks including JP Morgan, Deutsche Bank, BNP Paribas and Crédit Agricole hold a 30% stake in the new business.
UBS’ sale of O’Connor to Cantor Fitzgerald is expected to close in Q4 2025.
The move is expected to drive global expansion of the ETF and derivative RFQ platform and will see MarketAxess hold an approximate 90% controlling stake.