Sun Holdings to acquire Toro Trading

The deal is the latest in a round of consolidation among the automated trading groups that dominate US financial markets

Electronic-trading firm Sun Holdings struck a deal to acquire Toro Trading, the latest in a round of consolidation among the automated trading groups that dominate US financial markets.

The deal would add Toro's options-trading strategies to Sun's computer-driven trading in stocks, currencies and bonds, helping Sun weather market slowdowns that have pressured rivals, according to Bernard Dan, Sun's chief executive.

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