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Phil Albinus
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Exclusive: Inside the GETCO Execution Services Trading Floor

Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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Head of Algo Trading

GES updates their algorithms daily. This is a lot of work for the 25-member team and the man in charge of the formulas is Chase Lochmiller, managing director, head of algorithmic trading (right). "We're building out the algo suite, purposing the technology we have on the market-making side to apply the execution algorithms," he says. He also helps the US market-making equities desk and explains strategies to clients on the road. Chase looks at GES Home, a client-monitoring screen where GES employees can view both viable and rejected trades. "I have a proprietary tool that displays the different order book at the different venues. It's not Excel but proprietary technology we use to manage market making," he says. Lochmiller also has a screen dedicated to Getco's internal wiki for blog posts. "We had a record day the other day -- 74 million trades -- in the system. We usually do 25 to 60 million," he says.

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.