Kelly Lefler (Kelly Loeffler), head of platform Bakkt, which is awaiting the approval of the Commission on trade commodity futures U.S. (CFTC) and is preparing to launch in the near future, announced the first acquisition in its draft assets to another company. Now under the control Bakkt and the new York stock exchange are some of the assets of the authorized intermediary in futures transactions Rosenthal Collins Group (RCG).
We’re pleased to share that we have entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG), an independent futures commission merchant https://t.co/5sgdbRO6Ql
— Bakkt (@Bakkt) January 14, 2019
According to Lefler, in December of last year, the RCG has taken the decision to sell all client assets of the commodity broker Marex Spectron, and Bakkt interested in some of them, because they can be valuable for a developing platform. For example, they represent the potential benefits to expand operations in the field of risk management and investment practices to fine-tune AML/KYC and compliance requirements of financial regulators: as well as in the field of customer service.
The closing of the transaction is scheduled for February, and the launch date Bakkt remains unknown, as it is directly associated with the decision of the CFTC. The deadline, which is focused in the company – 24 Jan.
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