T3 Trading Group, LLC Acquires WTS Proprietary Trading Group, LLC Assets
NEW YORK, Jan. 14, 2015 /PRNewswire/ -- During the fourth quarter of 2014, T3 Trading Group, LLC ("T3"), a Member of NASDAQ OMX PHLX purchased the trader base of WTS Proprietary Trading Group, LLC ("WTS"), also a NASDAQ OMX PHLX Member firm. T3 has become one of the largest proprietary trading broker dealers in the United States and a market leader in proprietary trading with over 700 associated persons.
T3 Companies, LLC, with a 27,000 square foot headquarters in Manhattan's financial district and offices throughout the United States, is the Managing Member and holding company of T3 Trading Group, LLC, T3 Live, LLC, T3 Asset Management, LLC, T3 Managers, LLC, T3 Managers (Cayman), LTD., T3 Professional, LLC and T3 IP, LLC. T3 Companies has completed several strategic takeovers in the past few years and is at the center of consolidation in both the proprietary trading and trader education industries. T3 Companies endeavors to provide a set of distinct and complimentary services, built around its core strengths, the 3 T's, Trading, Training and Technology.
"We are excited about the acquisition of WTS's vast talent pool of traders and employees. We are continually looking for strategic acquisitions and partnerships that can further enrich the T3 businesses and trader experience. The combination of T3's capital base and infrastructure with Clearpool's technologies, will be a stalwart for years to come." Sean Hendelman – Chief Executive Officer of T3 Trading Group, LLC & T3 Companies, LLC
"With proprietary trading being such a dynamic landscape over the past few years, we wanted to put our loyal trader base in the best possible position to be successful in years to come." Brian Schaeffer – Chief Executive Officer of WTS Proprietary Trading Group, LLC
T3 will become a customer of both Clearpool Execution Services, LLC, a FINRA Member Firm, and Clearpool Technologies, LLC. T3 will offer the Fusion front end platform as a part of T3's suite of product offerings for it's professional traders. T3 will also add to its already robust internal compliance and risk management systems, Clearpool's Clarity, a pre-trade compliance tool.
SOURCE T3 Trading Group, LLC
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