Why GTS bought HC Tech’s FX business

Rubenstein and Rosenwald open up on reasons for the deal – plus US lawsuit and culture questions

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Questions followed last week’s news that high-speed trading firm GTS had struck a deal to buy the foreign exchange trading business of rival HC Technologies – questions about a lawsuit hanging over the latter, and about the cultural fit between the two firms.

Ari Rubenstein – chief executive and co-founder of GTS – and Cary Rosenwald, head of HC Tech’s FX business, are happy to tackle those questions. In short, staff and strategies are moving to GTS, while the lawsuit stays behind; and the two

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