GTS Acquires HC Tech’s Foreign Exchange Trading Assets
Summary
NEW YORK--(BUSINESS WIRE)--GTS, a leading electronic market maker across global financial instruments, today announced that it has acquired the foreign exchange trading assets of HC Technologies (“HC Tech”), an algorithmic trading firm. Approximately 50 employees from HC Tech will join GTS as part of the transaction, bringing total headcount for the firm to approaching 400. Rosenwald and the firm have developed cutting-edge technology and a talented team of FX experts, most of whom will transition to GTS as part of the acquisition. GTS is a collection of financial services companies spanning a wide array of asset classes and investment approaches, all powered by the combination of market expertise with innovative, proprietary technology. With roots as a quantitative trading firm continually building for the future, the GTS family of companies are able to leverage the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets.