{"id":8072,"date":"2016-12-22T13:43:51","date_gmt":"2016-12-22T13:43:51","guid":{"rendered":"http:\/\/pr.asianetpakistan.com\/?p=30373"},"modified":"2016-12-22T13:43:51","modified_gmt":"2016-12-22T13:43:51","slug":"gfi-group-expands-south-african-footprint-with-acquisition-of-johannesburg-based-interdealer-broker-micromega-securities","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/gfi-group-expands-south-african-footprint-with-acquisition-of-johannesburg-based-interdealer-broker-micromega-securities\/","title":{"rendered":"GFI Group expands South African footprint with acquisition of Johannesburg-based interdealer broker Micromega Securities"},"content":{"rendered":"
LONDON, Dec. 22, 2016 \/PRNewswire\/ — GFI Group, Inc. (“GFI” or “the Company”), a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”) operating as an intermediary in the global OTC and listed markets, today announced that an affiliated entity has entered into an agreement to acquire Micromega Securities Proprietary Limited (“Micromega Securities”).<\/p>\n
Micromega Securities operates in the South African fixed income, rates\u00a0 and foreign exchange markets, via its three subsidiaries: TTSA Securities (PTY) Ltd, SA International & Capital Market Brokers (PTY) Ltd and Micromega Africa Money Brokers (PTY) Ltd. GFI and Micromega Securities have operated a joint venture since 2013. Micromega Securities is currently a wholly owned subsidiary of Micromega Holdings (PTY) Ltd (JSE: MMG), a public company listed on the Johannesburg Stock Exchange.<\/p>\n