Announced

Completed

GTS completed the acquisition of equity options trading division of Barclays.

Synopsis

GTS, an electronic market manufacturer, completed the acquisition of equity options trading division of Barclays. Financial terms were not disclosed. As part of the transaction, approximately 40 Barclays personnel became full-time GTS employees. In total, the business trades approximately 2% of all exchange-traded equity options volume in the US. "The data-driven, pricing precision of GTS is more important than ever in today’s unpredictable and highly volatile market environment. As has been reinforced during the current crisis, superior trading technology is essential to market participants and the overall functioning of our capital markets,” Ari Rubenstein, GTS Co-Founder and CEO.

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