Announced
Completed
Financials
Tags
Completed
equity options
United States
Acquisition
Private
Friendly
Financial Data and Systems
market maker
financial instruments
Majority
Single Bidder
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.