Divisa Capital Revives And Rebrands MB Trading UK For Overseas Expansion

Just over a year since the demise of MB Trading's British subsidiary, Divisa Capital has purchased MB Trading UK as

Acquisitions and mergers continue their omnipresence among companies within the FX industry this week, with today’s purchase of MBT Financial UK by institutional FX prime of prime Divisa adding to this dynamic.

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Divisa’s purchase of defunct FX firm MBT Financial UK, which was the British subsidiary operations of MB Trading, will involve re-branding the company to Divisa UK Limited, and facilitate a cost-effective means of continuing the company’s expansion program into Europe with the opening of its Financial Conduct Authority regulated London headquarters, without having to commence the regulatory application process from the beginning.

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Divisa has not disclosed the details of the actual transaction, however a year has passed since MBT Financial UK was considered a non-viable venture by its North American owners, having closed its doors in October 2012.

Platform diversity was on the agenda for Divisa last year, when the company added cTrader to its offering, a bold move at the early stages of cTrader’s foray into the platform market, and signifying Divisa as the first Currenex partner to integrate the platform.

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Focus on Institutional Offering

With trading servers in New York and London, Divisa is co-located in an ultra-low latency environment with top tier LPs, and focuses strictly on Professional and ECP qualified clients providing Direct Market Access (DMA) liquidity via API and MT4, aiming itself at the institutional sector, in congruence with Divisa’s corporate ethos, differing from MB Trading UK’s retail-orientated strategy pre-closure.

Paul Dufresne, who joined the board of directors of MB Financial UK in November 2011, and after three years into his tenure at the firm, has been appointed Head of Operations of Divisa UK Limited.

Today, Mr. Dufresne made a commercial statement on the firm’s acquisition by Divisa: “Our matched principal FCA licence and non-retail focused business model will bring a new level of transparency to this segment of the industry.”

Rachel Zhu joins the firm from Canada’s OANDA Corporation, where she served as Marketing Manager. Ms. Zhu assumes the position of Head of Business Development and Marketing at Divisa UK.

“With Divisa’s advanced ECN technology, our clients and partners can expect deep liquidity and best-in-class execution,” stated Ms. Zhu. “We offer bespoke FX, bullion and CFD liquidity to brokers, funds and institutions.”

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