Barclays Is in Talks to Sell Automated Options Business to GTS

Barclays Plc is in talks to sell its New York-based automated options trading business to electronic market maker GTS.

Negotiations are at an advanced stage, but there’s no assurance a deal will be struck, according to people familiar with the matter who asked not to be identified discussing private talks. Barclays representatives and a GTS spokesman declined to comment.

Known internally as Automated Volatility Trading, the business buys and sells options for clients of the British bank. Its technology and equities heritage make it a natural fit for GTS, which has become one of the largest market makers at the ...