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Friday, Mar 29, 2024

Countrywide Acquires Futures Broker

Countrywide Financial Corp. acquired the assets of CCM Futures LLC, a Chicago-based futures trading broker. Terms of the deal were not disclosed. The acquisition will become part of Countrywide’s Capital Markets division. “The futures trading industry has grown impressively and continues to demonstrate very attractive prospects for generating fee-based income for our Capital Markets business segment,” said Ron Kripalani, president and CEO of Countrywide Capital Markets. Kripalani added that the acquisition will add products not currently available through Countrywide.

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