Goldman Sachs to Acquire TFM Investment Group
NEW YORK The Goldman Sachs Group, Inc. (NYSE: GS) today announced a definitive agreement to acquire the specialist assets of TFM Investment Group (;TFM;), a leading options specialist firm. Terms of the transaction were not announced.
TFM is a specialist in over 400 options classes, with operations on all four floor-based options exchanges in the United States. Its assets will be integrated into those of SLK-Hull Derivatives, LLC ("SHD"), which was recently formed by Goldman Sachs through the combination of Spear, Leeds & Kellogg's and The Hull Group's option trading businesses, and will reinforce SHD's leading position in the U.S. options markets.
Goldman Sachs is a leading global investment banking and securities firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.