First NZ Capital buys derivatives firm OMF

Sun, 23 Dec 2018

By Pattrick Smellie Dec. 24 (BusinessDesk) - First NZ Capital is adding derivatives trading to its bow with the purchase of specialist derivatives broking house OMF to achieve a strategic consolidation of New Zealand's private wealth management and investor service providers. The Christmas Eve deal discloses no valuation for OMF, which trades derivative financial instruments covering foreign exchange, carbon, options, equities, CFD (cash for difference) contracts, and futures markets. OMF started life as a division of Westpac, split ou...

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