Deals
Barclays to Sell Automated Options Trading Business to GTS
- Division head Gelman, about 40 employees will move over to GTS
- Unit handles about 2% of exchange-traded U.S. options volume
Photographer: Luke MacGregor/Bloomberg
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Electronic market maker GTS agreed to buy Barclays Plc’s automated U.S. options trading division.
About 40 Barclays employees will join GTS as part of the deal, according to a statement Wednesday. They include Kirill Gelman, who will continue to run a business that quotes prices for more than 735,000 securities and handles about 2% of exchange-listed U.S. equity options volume.