Electronic Market Maker GETCO Provides Investors With High Frequency Trading Tools by Launching Algorithm Focused on Micro-ExecutionsBy Getco, PRNE
Tuesday, May 31, 2011
CHICAGO, June 1, 2011 -
Leading global market maker GETCO today announced the launch of GETCO
Execution Services' GETAlpha, an execution algorithm for U.S. equities.
GETAlpha is the first product to provide the investment community with
the same high-tech trading tools as a dedicated electronic, or high
frequency, market maker. Utilizing GETCO's research, technology and
infrastructure, GETAlpha provides professional investors with an
As a modern day market maker, GETCO focuses on optimizing
micro-executions to create macro-results. Market makers facilitate trading
and price discovery by posting buy and sell orders, and, in turn, attempt to
capture a small portion of the bid-ask spread. Widely recognized as one of
the world's most sophisticated trading firms, GETCO is a market-maker on more
than 50 exchanges, ECNs, ATSs and MTFs in North and South America, Europe and
By utilizing the same strategies as GETCO's core market making business,
GETAlpha enables institutional investors' order executions to mimic the order
execution behaviors of a dedicated market maker, thus minimizing order
detection and information leakage, and providing superior executions.
"It's clear investors want tools to help keep them competitive in today's
rapidly evolving financial markets. That's why GETCO Execution Services is
launching GETAlpha," said Daniel Coleman, Head of GETCO's Client Services.
"With GETAlpha, institutional investors now have access to the same
world-class strategies and infrastructure that GETCO has spent more than a
decade developing, refining and, most importantly, using. Leveraging GETCO's
continuous investment in market-leading technology gives our customers
micro-alpha with reduced market impact."
GETAlpha is the latest offering from the firm's client services division,
GETCO Execution Services (GES). GETCO Execution Services helps investors
solve their execution needs with a variety of high-tech trading solutions,
- GETMatched, an SEC-registered Alternative Trading System (ATS), or dark pool, where approximately 100 million shares per day are executed on average. (GETMatched formerly was known as GES when it was the division's only client service offering.) - GETRouted, a customized low latency router.
GETCO is a leading global market maker. The firm's primary business
involves both buying and selling securities to provide two-sided markets on
exchanges around the world. The liquidity GETCO supplies allows individual
and institutional investors to immediately transfer the risk often associated
with securities while saving money on trading costs. In addition, GETCO
provides customers with a range of execution services through its client
services arm, GETCO Execution Services.
Media Contact: Sophie Sohn; +1-312-931-2299; firstname.lastname@example.org Sales Contact: Drew Krichman; +1-646-747-0034; email@example.com
Tags: Chicago, Getco, Illinois, June 1