Deals
DRW Acquires HFT Firm Chopper, Joining Chicago-Based Traders
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Don Wilson’s DRW Trading Group agreed to buy the assets of Chopper Trading LLC, joining two of the most prominent Chicago-based computerized trading firms.
“Bringing our two organizations together will allow us to more efficiently provide liquidity to the financial markets,” Wilson said in an e-mailed statement. “We are excited to join forces and look forward to working together.” The price and other details of the acquisition weren’t released.