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Hertshten Group, Futures First's parent company, the global financial services conglomerate, has signed an asset acquisition agreement for the trading business of OSTC Limited. The acquisition brings together two leading industry proprietary trading firms, further strengthening Hertshten Group's position as the world's preeminent proprietary trading firm in the exchange-listed derivative space, with over 900 market analysts based in offices around the world. The OSTC Markets business will continue to be led by Michael Shirley, who will report to Elad Hertshten, Managing Director of Futures First. Mark Slade, OSTC Ltd.'s CEO, said, "This is a natural strategic deal that makes perfect logical sense for both parties. We have long admired Hertshten Group as leaders in our industry, and we are excited by the massive additional opportunities this agreement brings to our people". Elad Hertshten, Head of Markets at Hertshten Group and Managing Director, Futures First, said, "We are very excited to be adding highly knowledgeable market professionals to our group. Further diversifying our trading strategies and markets, we aim to further solidify Hertshten Group's position as a leader in market liquidity across global derivative exchanges".
