GTS to Open Office in Tel Aviv
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Oct 23, 2019--
GTS, a leading market maker with offices in New York and London, announced today it will be opening an office in Tel Aviv in fall 2019. GTS joins the growing ranks of leading financial technology firms establishing a presence in Tel Aviv to attract world class tech talent.
GTS is a leading global electronic market maker of equities, ETFs, US Treasuries, currencies and other instruments, that leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency and transparency to financial markets. In addition to being responsible for nearly $12.5 trillion of market capitalization as the largest Designated Market Maker at the New York Stock Exchange, GTS accounts for 3-6% of the daily cash equities volume in the United States and trades over 10,000 different instruments globally.
Ari Rubenstein, co-founder and chief executive officer of GTS said, “GTS is a financial technology company and we need to be present where the deepest pools of top tier tech talent reside. Many of our firm’s most important technologists, including retired co-founder Amit Livnat, are Israeli raised and trained. Now our next generation of talent will have the option to stay in Israel while helping to build our firm and the global capital markets.”
The new Tel Aviv GTS office will eventually employ up to 15 people. Leading the office will be GTS Partner, Tel Aviv native, and Tel Aviv University graduate Yaron Katz. His role will be Head of GTS Israel, and he will be responsible for building-out the local infrastructure and research environment and recruiting top tier talent.
“GTS has proven to be a very appealing professional opportunity for ambitious technologists and we look forward to further tapping the Israeli tech community for talented individuals who want a fulfilling career choice,” said Sandy Lionetti, GTS Global Head of Human Resources.
Laurence Schreiber, president of New York and Tel Aviv-based asset manager Clarity Capital said, “Financial Services firms have come to realize that FinTech is as much a part of the Tel Aviv scene as Google and Intel. We welcome GTS’s commitment to Tel Aviv.”
Kobi Altman, chief financial officer of Tel Aviv-based ICL commented: “As a company with a dual listing in New York and Tel Aviv, we are delighted to welcome our NYSE designated market maker GTS to Tel Aviv as it opens its Israeli office. GTS has a crucial role in enhancing and maintaining ICL’s relationships with U.S. investors, supported by its commitment to provide superior technology to its listed companies, and that will only be further enhanced as it taps the Israeli marketplace for outstanding technologists.”
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 from ExxonMobil (NYSE: XOM) and Ford (NYSE: F) to international companies such as Alibaba (NYSE: BABA) to leading global technology companies like Oracle (NYSE: ORCL) and AT&T (NYSE: T) as well as Israeli listings such as Israel Chemicals Ltd (NYSE: ICL) and Taro Pharmaceutical Industries Ltd (NYSE: TARO).
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005037/en/
CONTACT: Profile Advisors for GTS
Rich Myers in New York, phone 347-774-1125
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA ISRAEL MIDDLE EAST
INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES OTHER TECHNOLOGY TECHNOLOGY
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PUB: 10/23/2019 07:00 AM/DISC: 10/23/2019 07:01 AM