This team will operate alongside TSS's existing operations in SoHo. TSS plans to open an office in Connecticut to accommodate Timber Hill's current team. As we are turning our entire attention to our brokerage business, we are gratified that under able management by Two Sigma our software modules will continue to provide liquidity in the U.S. This success is substantially due to our expertise in building first-rate execution technology, which we acquired over our forty years as market makers, leading the way from open outcry floor trading to today's electronic markets. Thomas Peterffy, founder of Timber Hill said, "Interactive Brokers' brokerage business has grown at a very rapid pace. We will also be actively engaging with the exchanges, other market participants and regulators to be part of the dialogue around growing a healthy options industry." We look forward to welcoming Timber Hill's employees into our organization. Simon Yates, CEO of TSS, said, "Through this transaction, TSS will integrate Timber Hill's highly complementary platform to form a full-service, large-scale market-maker across equities and options on exchanges and for wholesale retail clients. Additionally, the broader options-trading community will continue to benefit from a strong competitive landscape as Timber Hill maintains and extends its ability to provide liquidity across the U.S. Through combining Two Sigma's technology and quantitative capabilities and Timber Hill's options expertise, TSS clients will now have access to a unified, best-in-class provider. Our AlphaStudio global platform allows you to collaborate with us to solve some of the world’s most challenging economic prediction problems. Since our beginning in 2001, Two Sigma has brought together curious, talented people around the world. Account icon An icon in the shape of a person's head and shoulders. As the world’s data keeps growing (and growing and growing), we’re growing with it.
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