GTS to Acquire Cantor Fitzgerald’s ETF and Wholesale Market Making Businesses Unprecedented Combination Unites the Pioneers of ETF Trading with Wall Street’s Most Innovative Technology
Play Video GTS to acquire the Exchange Traded Funds (ETF) and wholesale market making businesses of Cantor Fitzgerald.
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.
“For the first time on a scale never seen before, the most sophisticated Wall Street technology is being deployed for mainstream investors, be they institutional or retail”
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 Lichtenstein and Darren Taube. Overseeing the Wholesale Market Making business will be Joe Pleffner, Mike Strashnov and Menash Cohen. While at Cantor, the partners perfected expertise to optimally aggregate and execute institutional and retail trades across their extensive network of global clients.
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