Press release

GTS Closes Acquisition of Automated ETF & Wholesale OTC Market Making Businesses

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a leading electronic market maker across global financial instruments,
announced the completion today of its acquisition of the automated
Exchange Traded Funds (ETF) and Wholesale OTC Market Making businesses
of Cantor Fitzgerald (“Cantor”).

Thirty Cantor employees have moved to GTS as full-time employees as part
of the transition. The ETF business is led by industry pioneer Reginald
Browne along with his colleagues Eric Lichtenstein and Darren Taube.
Overseeing the Wholesale OTC Market Making business is Joe Pleffner,
Mike Strashnov and Menash Cohen. Cantor will continue to act as a
counterparty in ETFs in partnership with GTS.

Ari Rubenstein, co-founder and CEO of GTS, said, “We are extremely
excited about the opportunity to provide our clients with
industry-leading execution services and premier client service. The GTS
offering creates a new standard that will unite technology and capital
deployment to create efficiency across asset classes. Investors around
the world can now leverage the very best in machine learning, artificial
intelligence and execution technology to help them save money whenever
they trade and invest.”

GTS is the largest designated market maker (DMM) at the New York Stock
Exchange. At the NYSE, GTS is responsible for the trading in more than
900 public companies that have a total market capitalization of
approximately $12.5 trillion dollars. Listed securities include blue
chip companies ranging from ExxonMobil (NYSE: XOM) and Ford (NYSE: F) to
international companies such as Alibaba (NYSE: BABA) to leading global
technology companies like Pinterest (NYSE: PINS) and AT&T (NYSE: T).

This acquisition is another step in GTS’ mission to build-out its global
capital markets business and to put its premier trading technology to
use for all of those who may benefit, in order to truly democratize
access to markets for all who participate.

Terms of the transaction were not disclosed.

About GTS

GTS is a global electronic market maker, powered by combining market
expertise with innovative, proprietary technology. As a quantitative
trading firm continually building for the future, GTS leverages the
latest in artificial intelligence systems and sophisticated pricing
models to bring consistency, efficiency, and transparency to today’s
financial markets. GTS accounts for 3-6% of daily cash equities volume
in the U.S. and trades over 10,000 different instruments globally. GTS
is the largest Designated Market Maker (DMM) at the New York Stock
Exchange, responsible for nearly $12.5 trillion of market capitalization.

For more information on GTS, please visit