London, 15 May 2023 - GHCO, a leading market maker in the ETF ecosystem, and Mirae Asset Securities, an investment banking powerhouse, are proud to reveal that the recent acquisition has been given the green light by financial regulators, including the Financial Conduct Authority and the Hellenic Capital Markets Commission, and are now proceeding ahead with their combined strategy for future growth.
This is a significant milestone for GHCO as it continues to expand. Under the new ownership, GHCO will continue to serve asset managers as a contractual market maker and liquidity provider, building on its extensive portfolio of over 3,000 contracted listings and strong presence with the top 10 asset managers in Europe. Additionally, GHCO will remain an independent company to prevent any potential conflicts of interest that may arise with asset managers.
With the added support of Mirae's global sales team, GHCO is now poised to make a major entry into the RFQ sector, offering investors more execution capabilities.
GHCO’s CEO, Dan Izzo, remarks, "This is the culmination of a lot of hard work from the entire team. We are grateful to have had the opportunity to lead an incredible team that shared our vision... It is important to take this moment to recognise everyone who made it possible to reach this point."
The combination of GHCO’s expertise in ETF execution with the breadth of Mirae’s salesforce will enable the group to compete with established players and build a strong presence globally.
GHCO has established itself as a leading marketmaker and liquidity provider specialising in Exchange Traded Funds (ETFs) andexpanding into other asset classes. GHCO helps asset managers to bring evenniche, esoteric ETFs to market and support them from first day of quoting andthroughout the product lifecycle. We strive to make these products accessiblein every market worldwide using intelligent algorithmic trading, tight spreadsand reliable presence even in the most volatile market conditions. For moreinformation, please visit: www.ghco.co.uk