Difference between revisions of "Fortis Clearing Americas"

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== History ==
== History ==
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Fortis launched its US operation in 2001, tripling the scale of its clearing operation with the acquisition of O'Connor & Company in November 2005. The deal closed in September 2006.
Fortis launched its US operation in 2001, tripling the scale of its clearing operation with the acquisition of O'Connor & Company in November 2005. The deal closed in September 2006.



Revision as of 22:22, 28 February 2008

Fortis Clearing Americas
Fortis logo.gif
Founded 2001
Headquarters Chicago
Key People Mark E. Cermak, director of execution services; Gary M. Katler, vice-president
Products Clearing services for derivatives, bonds, equities and commodities
Website http://www.eoconnor.com

Fortis Clearing Americas is a unit of Fortis, the Belgo-Dutch financial services group. The business was formed with the 2006 merger of Fortis Clearing Chicago and Chicago-based O'Connor & Company[1].

History[edit]

Fortis launched its US operation in 2001, tripling the scale of its clearing operation with the acquisition of O'Connor & Company in November 2005. The deal closed in September 2006.

O'Connor & Company was established in 1959 by Edmund and William O'Connor, who helped launch the Chicago Board Options Exchange. In 1972, the O'Connor brothers founded First Options of Chicago which grew to become the largest clearing firm for option market makers in the world. First Options was later acquired by Spear Leeds & Kellogg in 1977[2].

References[edit]

  1. Press Release. Fortis.
  2. Biographies. O'Connor & Co.