R.J. O'Brien To Acquire The Kyte Group From GFI Group; Terms Not Disclosed

(RTTNews) - R.J. O'Brien & Associates or RJO, and GFI Group (GFIG) announced that RJO's affiliate, R.J. O'Brien Europe Limited, will acquire GFI's subsidiary, The Kyte Group Limited or Kyte. Terms of the transaction were not disclosed.

The company said that the UK Financial Conduct Authority has approved the transaction, which is expected to close no later than March 17. After closing of the transaction, Kyte will operate under the name "R.J. O'Brien Limited".

Kyte has multiple co-location facilities, including in London and Frankfurt. RJO's European clients will gain access to multiple trading platforms that Kyte provides for its clients. Clients of Kyte will be able to access markets in Asia once the acquisition is complete.  RJO has offices in Beijing and Hong Kong that leverage its expertise in agricultural markets and middle market clients.

Established in 2011, the regulated RJO  operation serves Europe, the Middle East and Africa. The firm has been steadily investing in infrastructure and growing its institutional presence in the region, continuing to add experienced institutional sales professionals to its team.