COQUEST, INC. COMPLETES PURCHASE OF MEGA CAPITAL, LLC.
May 15, 2014: Coquest, Inc., A Texas-based commodity broker that specializes in the energy markets, announced today that it has finalized the buyout of Mega capital, LLC, an introducing broker specializing in managed futures. This purchase allows Coquest, one of the largest independent US introducing brokers, specializing in energy markets, to diversify its operations and leverage its expertise throughout its brokerage and managed funds business.
In announcing the buyout, Coquest co-founder, john Vassallo, said, “Since 1990, Coquest has provided access and direction to global clients on how to hedge their oil and gas production needs. Using that expertise, we have been able to structure more sophisticated managed futures portfolios. The purchase on Mega Capital allows us to leverage our experience in portfolio construction that can enhance performance for Mega capital investors.”
Dennis T. Weinmann, Coquest co-founder and head of trading operations, added “Mega Capital customers will benefit from this purchase with added trading knowledge, market access and lower fees.”
Mega Capital offers clients their Security Overlay Portfolio, which will continue to provide a highly consistent stable performance that is independent of general trends in market segments.
About Coquest, Inc.: Coquest was founded by John Vassallo and Denis T. Weinmann in 1990 to leverage their energy trading and brokerage expertise from working on the New York Mercantile Exchange. Today the company is a premier full-service energy brokerage and consulting firm based in Dallas, Texas with offices in Chicago and Houston. It provides multi-national corporations, institutional banks, individual traders, oil companies, utilities and energy marketers with a single comprehensive source for market liquidity, price discovery, and intelligence. Coquest, Inc. Is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association as well as a member of the National Introducing Brokers Association. (www.coquest.com)
About Mega Capital, LLC: Founded in 1997 by Doug Houser, Mega Capital was formed to provide high net worth individuals and family offices with a sophisticated strategy to leverage returns in managed futures accounts. The firm is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association. (www.megacapital.com)
For more information:
John Vassallo: Coquest Co-founder, 214.505.3281
Steve Petillo: Coquest Vice President, 312.893.5095