GTS to Acquire Cantor Fitzgerald’s ETF and Wholesale Market Making Businesses
Exxon Mobil Corporation (XOM)
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Source: Business Wire
Unprecedented Combination Unites the Pioneers of ETF Trading with Wall Street’s Most Innovative Technology NEW YORK--(BUSINESS WIRE)-- GTS, a leading electronic market maker across global financial instruments, today announced that it has entered into an agreement to acquire the Exchange Traded Funds (ETF) and wholesale market making businesses of Cantor Fitzgerald (“Cantor”), a global financial services firm. The transaction elevates GTS into the top-tier of global brokers with the potential to touch virtually every investing household in America and across the world. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20181102005049/en/ As part of the transaction, approximately 35 Cantor Fitzgerald personnel will become full-time GTS employees. The ETF business will be led by industry pioneer Reginald Browne along with his partners Eric Lichtenste
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