Lind-Waldock
From Wikipedia, the free encyclopedia
| Lind-Waldock | |
 |
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| Type | Public |
|---|---|
| Founded | 1965 |
| Headquarters | Chicago, Illinois |
| Industry | Financial services |
| Products | brokerage services, investment products, online trade, wireless trading platforms |
| Website | www.lind-waldock.com |
Lind-Waldock is a full-service futures brokerage firm primarily serving individual traders, or as known in the industry, “retail” clients. The company was founded in 1965 by Barry Lind, a successful trader at the Chicago Mercantile Exchange, and Jack Waldock, who made his mark in the meat packing industry. An industry innovator, Lind-Waldock is regarded as the first discount futures broker, the first to develop an electronic order-routing system to U.S. futures exchange trading floors, and the first to offer clients an online order-entry platform.
Refco Group Ltd. acquired Lind-Waldock in 2000, and for a brief period, the company operated under the name Refco Private Client Group. An accounting scandal at Refco forced the sale of business in November 2005, and amid a heated bidding war, Refco Private Client Group was acquired by UK-based financial services firm Man Group plc. Man quickly returned the company to its former name, Lind-Waldock, under which it now operates as a division of Man Financial Inc.
Lind-Waldock offers products and services for investors with varying needs and levels of experience, including self-directed trading, broker-assisted trading, auto-execute trading and managed futures. Proprietary trading platforms include LindXpress, a direct-access platform and Lind Connect, a Web-based platform. The company also offers trading via a wireless device.
Man Financial Inc. is the brokerage division of Man Group plc, the parent company of Lind-Waldock. It acts as a broker of futures, options, and other equity derivatives for both institutional and private clients and as an intermediary in the world’s metals, energy and foreign exchange markets globally. Man employs more than 3,000 individuals and ranks in the top 10 among Futures Commission Merchants tracked by the Commodity Futures Trading Commission globally.
