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Two Sigma Securities agreed to buy Interactive Brokers Group Inc. Interactive Brokers Chairman and Chief Executive Officer Thomas Peterffy founded Timber Hill inhelping propel him to billionaire status.

Two Sigma to Buy Interactive Brokers' Options Trading Unit - Bloomberg

It will complete its first options trade next week, CEO Simon Yates said in an interview. The purchase comes amid muted volatility in stocks, which tends to diminish options trading volume.

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The options industry is dominated by a handful of large trading firms, including Citadel Securities, Susquehanna and Wolverine Trading. The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, closed at its gold options trading symbol level since on Monday. Two Sigma Securities, which started inis already a major player as a market maker in U.

Two Sigma is one of the biggest quant funds. The Buying options interactive brokers York-based firm was founded in by David Siegela former chief stockbroker jobs london trainee officer at Tudor Investment Corp.

Yates said the company plans to hire 20 to 30 Timber Hill employees. Nonetheless, Two Sigma Securities is effectively bringing the whole operation aboard, he added.

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Climate Changed Video Series: Ventures Graphics Billionaires Game Plan Small Business Personal Finance Inspire GO The David Rubenstein Show Sponsored Content. Two Sigma to Buy Interactive Brokers' Options Trading Unit By Brian Louis BrianRLouis More stories by Brian Louis.

Saijel Kishan More stories by Saijel Kishan. Purchase fills out options trading business for Two Sigma. Timber Hill, founded inwas electronic trading pioneer. Your cheat sheet on life, in one weekly email. Get our weekly Game Plan newsletter. Before it's here, it's on the Bloomberg Terminal. Careers Made in NYC Advertise Ad Choices Website Feedback Help.