Close Brothers enters futures business
London-based investment bank Close Brothers has taken a 49.9% stake in Mako Global, a market-maker in exchange-traded derivatives. Mako specialises in the global fixed-income option and European equity index option markets. Neither side revealed the size of the payment, which leaves Mako's founders and employees with a 50.1% majority holding. Close will also provide a further capital injection "to fund future growth", Mako says.
The move comes as derivatives exchanges around the world report
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