trending Market Intelligence /marketintelligence/en/news-insights/trending/fFK2Vj1SI4aPRm3nkzZbTg2 content esgSubNav
In This List

GTS closes purchase of 2 Cantor Fitzgerald businesses

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


GTS closes purchase of 2 Cantor Fitzgerald businesses

GTS, a designated market maker at the New York Stock Exchange, closed its acquisition of Cantor Fitzgerald LP's automated exchange-traded funds and wholesale over-the-counter market-making businesses.

Terms of the deal were not disclosed.

As part of the transaction, 30 Cantor employees moved to GTS as full-time employees. Reginald Browne leads the ETF business along with Eric Lichtenstein and Darren Taube. Joe Pleffner, Mike Strashnov and Menash Cohen will oversee the wholesale OTC market-making business.

Cantor will continue to act as a counterparty in ETFs in partnership with GTS.