GTS's Acquisition: Strategic Leap into the World of Forex Trading

<p>GTS,
an electronic market maker, made a significant move by announcing the
successful acquisition of the foreign exchange trading assets of HC
Technologies, a well-established algorithmic trading firm. This strategic
acquisition solidifies GTS's position in the financial industry.</p><p>GTS
Ventures into the Competitive World of Forex Trading</p><p>HC
Technologies has been ranked as the number-one foreign exchange liquidity provider
in the Americas on two occasions. This acquisition signifies a pivotal moment
in GTS's growth, as it leverages HC Tech's expertise to expand its reach in the
highly competitive world of Forex trading.</p><p>GTS
has been a market participant in various financial sectors. These include
trading global equities, OTC stocks, futures, options, fixed income, and ETFs. With
the addition of HC Tech's assets and the infusion of its talented workforce, GTS
is poised to make a significant impact on the FX market.</p><p>“Enhanced
liquidity through sophisticated, real-time pricing across asset classes and
geographies is a hallmark of GTS’s market making activities,” said Ari
Rubenstein, the Co-Founder and CEO of GTS. “This acquisition allows us to bring
pinpoint pricing to the volatile FX marketplace – pricing that GTS excels in.” </p><p>He
continued: “The FX marketplace is growing rapidly and is an important component
of the global financial ecosystem. The recent geopolitical and global economic
turmoil has created a huge surge in foreign exchange and interest rate
volatility, creating the need for marquee FX market making and pricing.” </p><p>“HC
Tech has built a world-class FX business and combining those trading assets
with GTS’s capabilities will be immediately additive to the FX trading
marketplace.” </p><p>GTS
Poised for Success with HC Tech's Forex Trading Assets</p><p>Approximately
50 skilled employees from HC Technologies will become part of the GTS family. With
this addition, GTS's total headcount is set to approach the 400-employee mark.
This reinforces its commitment to remain at the forefront of financial
innovation.</p><p>Having
originated as a quantitative trading firm, GTS continually invests in
technology to prepare for the future. Thus, it allows the GTS group of
companies to attach the latest in artificial intelligence systems and
sophisticated pricing models. These tools provide consistency, efficiency, and
transparency to modern financial markets.</p><p>GTS
Securities, GTS's electronic market-making division, commands a substantial
share of the daily cash equities volume in the United States, ranging from 3%
to 5%. GTS Securities holds the position of being a leading Designated Market
Maker (DMM) at the <a href="https://www.financemagnates.com/tag/new-york-stock-exchange/">New York
Stock Exchange</a>. It is responsible for facilitating trading in securities
that collectively account for nearly $13 trillion in market capitalization.</p><p>To
oversee the combined FX business resulting from this acquisition, GTS has
appointed HC Tech Partner, Cary Rosenwald. He has been involved in developing
cutting-edge technology and assembling a highly skilled team of FX experts,
many of whom will transition to GTS as part of this acquisition.</p><p>Rosenwald
said: “We couldn’t be more excited to be part of the stellar GTS team. We’re
not only joining a top global market maker but a firm with global status as a
steward of the market with a broad track record of success and making
value-adding acquisitions. <a href="https://www.financemagnates.com/tag/forex-trading/">FX trading</a>
worldwide has grown significantly in recent years and the combined business is
poised to take off.” </p><p>According
to market research conducted by the <a href="https://www.financemagnates.com/tag/bank-for-international-settlements/">Bank
for International Settlements</a>, the foreign exchange market boasts
average daily trading volumes exceeding an astonishing $7 trillion. With the
acquisition of HC Tech's forex trading assets and the infusion of talent, GTS
is poised to capitalize on the immense opportunities within this dynamic and ever-evolving
market.</p>

This article was written by Tareq Sikder at www.financemagnates.com.