Simpson Thacher is representing TradeStation Group, Inc. (“TradeStation”) in connection with its entry into a definitive agreement and plan of merger with Quantum FinTech Acquisition Corporation (NYSE: QFTA), a publicly traded special purpose acquisition company. As a result of the transaction, TradeStation will become a publicly listed company on the NYSE and the pro forma implied enterprise value of TradeStation post-merger is expected to be approximately $1.43 billion.
TradeStation provides online multi-asset trading platform and product offerings as a self-clearing online broker for the equities, options, futures and cryptocurrency self-directed investor markets. Throughout its history, TradeStation has grown by providing its clients with a multi-asset trading platform, innovative new products and rich educational content that builds confidence among seasoned and first-time investors alike. TradeStation is a wholly owned U.S. subsidiary of Monex Group, Inc., a major financial services company based in Tokyo, Japan.
The Simpson Thacher team includes Michael Wolfson, Roxane Reardon, Ravi Purushotham, Sean Dougherty, Heesu Kim, Evan Kenyon and Anna Jarman (Corporate); Benjamin Rippeon and William Smolinski (Tax); Lori Lesser, Samuel Watters and Melanie Jolson (Intellectual Property); Andrew Blau and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Kelly Karapetyan (Antitrust); and David Blass (Registered Funds).