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.
October 08, 2012


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.

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
 
< Previous1 ... 3 4 5 6 7 8 9 ... 22 Next > 
Copyright 2012 AE Fletcher Photography

< Previous1 ... 3 4 5 6 7 8 9 ... 22 Next >