London, United Kingdom, August 17, 2012 --(PR.com
)-- Mr. Roger Thorpe, Spokesperson for The Futures Bay released information about a possible merger during a stakeholders meeting on Monday afternoon. Amongst many other strategic plans discussed during the meeting the one that stood out the most and sparked much interest was the statement that the online exchange will be joining forces with a yet to be announced European-based online exchange by the end of 2012.
The name of the European online trading exchange was not mentioned; however, the futures bay’s statement has sparked much speculation as to who the interested party may be. As of now, the Futures Bay are keeping their lips sealed as to who they have been working with and have released very few details about the up and coming merger.
When questioned about the merger Mr. Thorpe said, “For quite some time now we have been working very closely with one of the larger European exchanges. Most of our recent attention has been focused on how we can join forces, combine our resources and mutually benefit from the escalating demand in the commodity futures and options sector. As of yet, will still have to dot the i’s and cross the t’s so to speak. At present The Futures Bay will not be divulging too much more information about the merger until everything is finalised. However over the next few months we should be in a position to release more detailed information about this exciting project.
“It’s taken a lot of hard work from both sides to get this far, we have faced and overcome many challenges along the way and we are now essentially in the final stages of completing the deal. Once completed, we believe that this merger will open up our exchange to a much broader spectrum of clients and offer our existing clients more trading possibilities and opportunities via the new trading platform. For example, the tradable product range will be increased considerably and secondly, the exchange itself will get a complete overhaul, this will include many benefits to the end user such as a multilingual user interface and in addition a 3rd party smart phone and tablet application enabling participants on the exchange to do there trading ‘on the move’ so to speak. There are many more advantages to the merger, and we shall provide more details, over the coming months.”
On the 17th of October, 2012 The Futures Bay will play an integral role during the Online Futures and Options Expo (a three day event to be held at Claridge’s Hotel in Mayfair London). Mr. Thorpe stated that further information will be released about the merger during the upcoming expo.