Countrywide Sub Buys Assets of CCM Futures

Published February 13, 2007, 3:00 p.m. EST

1 Min Read

Countrywide Financial Corp., Calabasas, Calif., has announced an agreement by one of its subsidiaries to acquire the assets and assume certain liabilities of Chicago-based CCM Futures LLC, a futures trading broker.The terms of the deal were not disclosed. CCMF trades on the Chicago Board of Trade and the Chicago Mercantile Exchange. "The acquisition of CCMF will strengthen our existing futures Introducing Broker business by expanding our product line and customer base, while diversifying our revenue streams," said Ron Kripalani, president and chief executive officer of Countrywide Capital Markets and executive managing director of Countrywide Financial. Countrywide can be found on the Web at http://www.countrywide.com.

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