Announced
Completed
Financials
Sources
Tags
United States
algorithmic trading
Majority
Completed
Friendly
Single Bidder
Financial Data and Systems
Acquisition
Domestic
Private
Synopsis
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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