BTIG, LLC

Based in the US, BTIG is a financial services firm that offers specialized institutional sales and trading solutions across equity and fixed income markets, catering to a diverse clientele of institutional investors. BTIG, LLC is a financial services company that provides institutional sales and trading services. Founded in 2002, the firm is headquartered in San Francisco, US. Steven Starker is one of the founders, and the current CEO is Anton LeRoy.

In January 2026, U. S. Bancorp agreed to acquire BTIG, LLC from Orangewood Partners Management and Blackstone for approximately USD 1 billion, comprised of USD 362. 5 million cash and 6.

6 million shares of common stock with up to USD 275 million cash consideration payable over three years. BTIG offers a comprehensive suite of institutional sales and trading services, primarily focused on equity and fixed income markets. Their core offerings include equity sales and trading, portfolio and ETF trading, equity derivatives trading, and event-driven trading, all designed to meet the diverse needs of institutional investors. The firm also provides electronic trading solutions, such as TradeSave FX™, and capital advisory services to facilitate the execution of large and complex trades.

BTIG serves a wide range of clients, including emerging and established fund managers, institutional investors, and corporations across various sectors, notably in North America, Europe, and Asia. Their expertise in equity capital markets and fixed income trading allows clients to leverage their insights and technology to enhance trading performance and achieve strategic investment goals. BTIG generates revenue primarily through transaction-based activities, leveraging its expertise in institutional sales and trading. Clients engage the firm for access to trading services, where transactions are structured through partnerships, typically on a B2B basis.

Revenue is derived from various service categories, such as trading commissions, advisory fees, and capital introduction services, which facilitate interactions between fund managers and potential investors. Flagship services like prime brokerage and outsource trading play a significant role in driving revenue, as they cater to the specific needs of hedge funds and asset managers seeking tailored solutions. BTIG's strategic advisory services further contribute to revenue by providing clients with bespoke insights and recommendations tailored to their investment objectives. BTIG is focused on expanding its product offerings and market reach.

The firm is actively designing new trading products and enhancing its electronic trading capabilities to better serve institutional clients. It plans to expand into new geographic regions, particularly in Asia and Europe. The recent acquisition will support these initiatives, providing the necessary capital and resources to drive growth and innovation.