Kyte Group Information

Kyte was established on the floor of the LIFFE exchange as an agency clearer in the mid-1980s. All broking activity was conducted under the auspices of Kyte Group Limited ("KGL") until the brokerage business became significant enough to justify a separate exchange membership. In 1994, Kyte Broking Limited ("KBL") was established as an independent Non-Clearing Member (NCM) of LIFFE, providing niche execution services in UK and European fixed income futures and options. With the demise of open-outcry dealing at LIFFE in 2000, KBL adapted to computerised trading and migrated most of its staff from floor to screen. KBL became a participant on a number of European and US exchanges in order to offer extensive execution services to its client base of banks, financial institutions, hedge funds and market making groups. By 2005, KBL supported more than 50 brokers executing Exchange Traded Derivatives ("ETDs") for a client base of over 200 Institutional clients. In 2009 Market Securities ("MS") was demerged from Kyte, becoming an independent brokerage firm and an Appointed Representative ("AR") of KBL. In 2010 KBL was acquired by GFI Group as part of the whole Kyte Group acquisition. KBL has developed from a business solely involved in ETDs to one with executing brokers currently offering agency brokerage services in a broad range of cash and derivative financial products (including both Listed and OTC) across a range of asset classes including Equities, Fixed Income, Foreign Exchange,Commodities and other products. Today, KBL supports more than 120 brokers executing products for a client base of over 500 institutional clients. In May 2015, the MS Management Team acquired KBL from GFI Group.