GTS Acquires Barclays Equity Options Market Making Business
Summary
NEW YORK--(BUSINESS WIRE)--GTS, a leading electronic market maker across global financial instruments, today announced that it has entered into a definitive agreement to acquire Barclays’ equities automated options trading unit’s assets. The transaction is the latest in a series of acquisitions and partnerships that increases GTS’s scope and scale as a top-tier electronic market maker and global broker. As we considered divesting the business over the past several months, GTS proved itself to be the premier partner of choice because of the commitment of its team, its respected reputation and its superior technology offering.” Since 2016, GTS has been the largest Designated Market Maker (DMM) at the New York Stock Exchange, responsible for the trading of almost 1,000 public companies that have a total market capitalization of approximately $13 trillion dollars. As a quantitative trading firm continually building for the future, GTS leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets. GTS accounts for 3-5% of daily cash equities volume in the U.S. and trades over 30,000 different instruments globally.