MF Global Acquires Sydney-based futures broker


New York :  MF Global Ltd., a broker of exchange-listed futures and options, said it acquired Sydney, Australia-based futures broker BrokerOne Pty Ltd ,strengthening its position in the Australian futures and options market.

Terms of the deal were not disclosed. About 10 percent of MF Global's revenue comes from Asia Pacific.

BrokerOne is the market-share leader in trading futures contracts on the Sydney Futures Exchange, the companies said.

Further details of the deal were not disclosed. It expects the deal to add to its earnings over the next 12 months, the futures and options broker said in a statement.

BrokerOne said the acquisition, a second one in Asia Pacific in four months, further advances its growth strategy for the region.