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New Deal


Announced

Completed

GTS completed the acquisition of the foreign exchange trading assets of HC Tech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

algorithmic trading

Majority

Completed

Friendly

Single Bidder

Financial Data and Systems

Acquisition

Domestic

Private

Synopsis

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GTS, an electronic market maker across global financial instruments, completed the acquisition of the foreign exchange trading assets of HC Tech, an algorithmic trading firm. Financial terms were not disclosed. “Enhanced liquidity through sophisticated, real-time pricing across asset classes and geographies is a hallmark of GTS’s market making activities. This acquisition allows us to bring pinpoint pricing to the volatile FX marketplace – pricing that GTS excels in," Ari Rubenstein, GTS Co-founder and CEO.

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