CTC Announces Non-Controlling Minority Investment by Merrill Lynch.CHICAGO -- CTC CTC - Cornell Theory Center Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Chicago Trading Company or CTC) today announced that Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. has made a non-controlling minority investment in CTC. CTC will continue to operate as an independent business and there will be no change of management as a result of this transaction. Financial terms were not disclosed. "We are very excited about the expansion opportunities that this investment by Merrill Lynch offers," said Paul Kepes, Managing Director of CTC. "We look forward to applying our proven trading methodology to new trading arenas and to increase our current trading and specialist operations." About CTC Founded in 1995, CTC is a leading proprietary derivatives trading firm active in various options and futures markets, including equity indices, equities, interest rates and energies. The firm trades both on-floor and electronically utilizing sophisticated proprietary pricing and risk management systems. CTC serves in a specialist capacity on various exchanges in many of the most active index, ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). and interest rate products. CTC employs approximately 200 people and is based in Chicago with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London. For more information on CTC, please visit www.chicagotrading.com or call Paul Kepes at 312-863-8111. About Merrill Lynch Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 37 countries and territories and total client assets of approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.6 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world's largest publicly traded investment management companies, with more than USD 1 trillion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . For more information on Merrill Lynch, please visit www.ml.com or call Terez Hanhan at 212-449-2004. |
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