The transaction is expected to close in the third quarter, subject to the completion of certain closing conditions. According to a press statement, no details of the deal were provided.
HTG is very excited to partner with the Kottke team. Neal and his partners are giants in our industry, and I am honored to now be in business with someone I have known for over 30 years. HTG will now provide its expertise, technology and high level of service to the Kottke prop traders, customers and account managers, said Chris Hehmeyer, manager and CEO of HTG.
Neal Kottke, CEO of Kottke Associates, commented, The merging of the operations of HTG and Kottke provides a strong team ready to compete in the futures industry both as principal and as a service provider. It will be a pleasure to work with Chris Hehmeyer and his management team, and I am confident that this venture will be a success.
Kottke will remain integral to the business acquired by HTG, bringing his expertise as former chairman of the Chicago Board of Trade Clearing Corporation and former vice chairman of the Chicago Board of Trade. Hehmeyer is the immediate past chairman of the board of the National Futures Association, and also holds a board position at the Futures Industry Association, according to a press statement about the deal.
HTG Capital Partners is a trading firm with offices in Chicago and London. HTG provides traders with infrastructure, financial backing, including the use of capital, exchange memberships, connectivity and information technology, risk management, compliance, and operational support.
Kottke Associates is a commodity trading advisor and futures brokerage firm based in Chicago, Illinois. Founded in 1988 by Neal Kottke, the firm specializes in managed futures strategies/programs and proprietary trading, while also servicing traders in both Chicago and New York.
