Deals
Two Sigma to Buy Interactive Brokers' Options Trading Unit
- Purchase fills out options trading business for Two Sigma
- Timber Hill, founded in 1982, was electronic trading pioneer
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Two Sigma Securities agreed to buy Interactive Brokers Group Inc.’s options market-making business, acquiring a pioneer of electronic trading to forge into derivatives trading.
Terms of the deal for Timber Hill weren’t disclosed in a Tuesday statement announcing the transaction.