MB Trading is a smaller broker more well known for its forex and futures trading than its equity and options trading.
The acquisition is an interesting one for TradeKing, which for the last 1 – 2 years has been focused on building out its LIVE responsive website and advisory offering.
The press release hits on several key points, which in our interpretation translates to the following:
- MB Trading will be no more. The brand, offices, etc will shut down and some key staff will find a new home with TradeKing
- TradeKing will keep MBT Desktop Pro and support it for the foreseeable future
- TradeKing will add futures trading
How long everything will take to process is up for debate. When TradeKing gobbled up Zecco, the transition was pretty swift. MB Trading’s FAQ page on it’s website notes, “Our current goal is to make the combined set of features available to you in the first quarter of 2016.”
As soon as we have more information we will report it.