GETCO Expands Algorithmic Trading Tools For Institutional Investors

Global high-frequency market maker GETCO said it enhanced its algorithmic trading tools to include six new strategies aimed at helping institutional investors better navigate an increasingly complex, multi-venue marketplace.

[Exclusive: Inside the GETCO Execution Services Trading Floor.]

The firm said its GETAlpha suite of algorithmic trading tools now includes a range of benchmark and liquidity-seeking strategies, including volume-weighed average price (VWAP), percentage of volume, time-weighted average price (TWAP), optimal alpha, a smart order router and implementation shortfall.

The firm said the suite also includes an opportunistic algorithm that allows investors to trade by passively posting liquidity - in essence acting as a one-sided market maker. This feature also allows for a vast majority of a customer's order to be executed without crossing the spread, GETCO said.

"The number one issue we hear from institutional investors is a growing concern that their trades are not being managed with the level of care and attention they historically received," said GETCO's Head of Institutional Sales, Chris Amorello. "They believe their executions could be better, but they are at a loss how to improve them with the strategies currently available in the marketplace."

GETCO said market makers are optimized to create micro-alpha with every trade, and that its GETAlpha platform leverages the infrastructure and intelligence of a full-time market maker to add micro-alpha to institutional trading strategies.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio