Strategic Merger Enhances South Street Securities' Trading Future
South Street Securities Merges with GX2 Spread Markets
South Street Securities LLC is excited to share that it has completed its merger with GX2 Spread Markets LLC, following the green light from regulatory bodies such as the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). This consolidation underlines a pivotal evolution in enhancing technology-driven trading solutions across various capital markets, particularly in algorithmic, agency brokerage, and principal market making for US Treasuries.
Elevating Trading Operations
With the merger finalized, GX2 Spread Markets will now operate its innovative interest rate algorithmic trading platform for various strategies within South Street Securities. This strategic move brings together experienced teams dedicated to expanding the firm’s reach among primary dealers, international dealers, and hedge funds. By leveraging the combined expertise and technology, South Street Securities is set to enhance its trading capabilities significantly.
Focus on Client-Centric Solutions
James Tabacchi, the President and CEO of South Street Securities, commented on the merger's significance, noting that the integration aims to provide more substantial value to clients through improved efficiency and modernized solutions. By merging with GX2 Spread Markets, they not only aim to scale operations strategically but also to maintain high standards of quality and tailored service. This forward-thinking approach is crucial as they look to lead in a rapidly evolving financial landscape.
The Development of New Execution Strategies
GX2 Systems, a part of the newly formed entity, is committed to creating new execution algorithms and strategies. Their goal is to enhance customer access to execution services via advanced web applications and APIs. Emphasizing technology development enables South Street Securities to maintain its competitive edge in the financial markets.
Unleashing New Opportunities
The consolidation opens doors for novel opportunities in trading and operational efficiencies. David Jaberg, President and CEO of GX2 Systems, expressed enthusiasm about the future, stating that unifying under one broker dealer will facilitate the growth of their voice execution desk, thereby augmenting client interactions and adapting advanced technology to improve service delivery across their platforms.
As South Street Securities advances through this merger, clients can expect stronger infrastructure, improved capital efficiency, and a team enriched with excellent industry expertise. They will benefit from heightened technological capabilities and the exceptional value these enhancements will bring to their trading experience.
About South Street Securities
South Street Securities stands as an independent leader in specialized financing services, catering to capital markets institutional asset managers, real estate investment trusts (REITs), and various financial entities. With affiliations including FINRA, SIPC, and others, the firm operates primarily from New York, providing services such as Repo dealer financing for US Treasuries and algorithmic trade execution.
About GX2 Systems
GX2 Systems is dedicated to delivering unparalleled methods for spread execution and algorithmic strategy executions in electronic markets. Their platform is specifically designed for customized trading strategies across various products, ensuring precision and risk management in executing trades.
Frequently Asked Questions
What is the significance of the merger between South Street Securities and GX2 Spread Markets?
The merger aims to enhance trading technology and improve client access to execution services, ultimately positioning South Street Securities as a stronger player in the capital markets.
How will this merger affect current clients of both firms?
Clients will benefit from improved efficiency, advanced trading technologies, and a broader range of services as both firms combine their expertise.
What technologies will be utilized post-merger?
The integration will incorporate enhanced algorithmic trading platforms and execution strategies, utilizing cutting-edge technology to improve trading outcomes.
Who will lead the newly consolidated firm?
James Tabacchi remains the President and CEO of South Street Securities Holdings, while David Jaberg leads GX2 Systems, focusing on growth and client relations.
What is the future outlook for South Street Securities after this merger?
With strengthened infrastructure and an enhanced service offering, South Street Securities is poised for growth and innovation in the financial trading landscape.
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