09.01.11 | XFA Acquires Large CBOE SPX Brokerage Group

CHICAGO, IL – X-CHANGE FINANCIAL ACCESS, LLC (“XFA”), a leading brokerage firm for global benchmark derivatives, has acquired the index options division of MEB Options, extending its leadership position in trade execution volume in S&P 500 Index cash options (Symbol: SPX) at the Chicago Board Options Exchange. The acquisition will also expand XFA’s operations in other major index and ETF products, including options on the NASDAQ 100 Index (Symbol: NDX). The acquired operations will continue to be managed by current division heads Michael Hayes, John Justic and Alex McCallum who will direct a staff of eighteen brokerage and support professionals. Messrs. Hayes, Justic and McCallum bring decades of experience and reputable track records in providing high-quality trade execution.

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