Close Brothers, the UK financial services firm, has acquired Seydler Wertpapierhandelsbank, a securities trading and market making firm base...

Close Brothers, the UK financial services firm, has acquired Seydler Wertpapierhandelsbank, a securities trading and market making firm based in Frankfurt. Terms of the deal were not disclosed. Seydler is a major securities trading firm in Germany with annual revenues of around €21 million ($27.6 million). It is active in the trading of unregulated equities and fixed income securities, especially in corporate bonds. In the area of market making it is active in more than 200 shares and is the number one trader in the US-Stars segment of the Deutsche Börse.