Katten announced it is representing Headlands Tech Holdings, LLC, a global quantitative trading firm, in its sale of Headlands Tech Global Markets, LLC, a Financial Industry Regulatory Authority (FINRA) registered broker-dealer, to Toronto-Dominion Bank (TD). The acquisition is expected to help TD strength its electronic bond trading infrastructure and enhance its clients' trading experience.

The Katten team included partner and Financial Markets and Funds Global Chair Lance Zinman, partner and Financial Transactions and Trading Chair Christopher Shannon, Corporate partner Tanya Curtis, and Financial Markets and Funds associates Jack West and Elizabeth White.

The transaction is expected to close mid-2021, subject to receipt of regulatory approvals and satisfaction of other customary closing conditions.

TD's press release, "TD Bank Group to acquire electronic fixed income trading business"