1046:
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483:
1080:
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277:, a competitor that had experienced a significant trading malfunction on August 1, 2012 which resulted in a $ 460 million loss. Supported by its main investor,
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1006:
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552:
174:, and grew quickly in the early 2000s to become one of the most active trading firms in the world. The firm's primary business is electronic
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by offering to pay $ 3.75 per share to Knight
Capital’s shareholders, for a total value of $ 1.4 billion.
45:
985:
643:
615:
596:
249:, and was an investor in the electronic exchanges BATS Exchange, Chi-X, NYSE Liffe U.S., Eris, and ELX.
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201:, and was consistently among the top 5 participants by volume on many venues, including the
170:
The firm was founded in 1999 by
Stephen Schuler and Daniel Tierney, former floor traders in
462:
388:
Dark Pools: High-Speed
Traders, A.I. Bandits, and the Threat to the Global Financial System
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described the firm as "the largest and most powerful high-frequency trading firm".
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262:. GETCO also served as one of the six Designated Market Makers (DMMs) on the
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578:
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210:
179:
151:
71:
258:, the firm was identified as one of the largest market makers in the US
238:
171:
147:
67:
281:, GETCO pursued Knight Capital and defeated a competing proposal from
273:
GETCO was one of the six investors that participated in the rescue of
26:
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158:; this merger was completed in July 2013, forming the new company
185:
Prior to the merger into KCG, GETCO traded in over 50 markets in
263:
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525:
182:
through its client services arm, GETCO Execution
Services.
118:
484:"Knight Capital to pay $ 12 million to settle SEC charges"
335:"Getco and Knight Capital to Merge in $ 1.4 Billion Deal"
178:, though it also provides execution algorithms and a
994:
928:
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781:
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629:
577:
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498:"Getco to buy Knight Capital in $ 1.4 billion deal"
114:
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92:
78:
63:
55:
41:
33:
1081:Financial services companies of the United States
438:"Meet Getco, High-Frequency Trade King - WSJ.com"
1091:Financial services companies established in 1999
154:. In December 2012, the firm agreed to acquire
546:
8:
19:
1030:Alternative investment management companies
1007:Standards Board for Alternative Investments
381:
379:
1096:Privately held companies based in Illinois
1055:
911:Taxation of private equity and hedge funds
787:
574:
553:
539:
531:
25:
18:
20:Global Electronic Trading Company (GETCO)
294:
266:between 2010 and the merger. In 2012,
611:fixed-income relative-value investing
7:
360:"Knight Capital and Getco to Merge"
1086:Defunct companies based in Chicago
14:
128:Global Electronic Trading Company
16:American algorithmic trading firm
1054:
1045:
1044:
1035:
1034:
1025:
1024:
731:
459:"NYSE Equities Membership Types"
1101:1999 establishments in Illinois
436:Patterson, Scott (2009-08-27).
1:
138:, is an American proprietary
885:security characteristic line
873:Capital asset pricing model
592:Capital structure arbitrage
84:Stephen Schuler, Co-founder
1117:
675:Commodity trading advisors
86:Daniel Tierney, Co-founder
1020:
1012:Managed Funds Association
956:High-net-worth individual
729:
386:Patterson, Scott (2012).
303:"GETCO Names Coleman CEO"
252:In a 2009 profile by the
24:
849:Arbitrage pricing theory
229:, Chi-X, BrokerTec, and
961:Institutional investors
854:Assets under management
679:managed futures account
358:Dealbook (2012-12-19).
986:Sovereign wealth funds
758:High-frequency trading
607:Fixed income arbitrage
46:High-frequency trading
828:Structured securities
644:Distressed securities
616:Statistical arbitrage
602:Equity market neutral
597:Convertible arbitrage
233:. It had offices in
946:Financial endowments
891:Fundamental analysis
639:Shareholder activism
621:Volatility arbitrage
390:. Crown Publishing.
156:Knight Capital Group
1060:List of hedge funds
1050:Hedge fund managers
966:Insurance companies
951:Fund of hedge funds
859:Black–Scholes model
773:Proprietary trading
748:Algorithmic trading
715:Fund of hedge funds
333:CNBC (2012-12-19).
255:Wall Street Journal
140:algorithmic trading
94:Number of employees
88:Daniel Coleman, CEO
21:
916:Technical analysis
1068:
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694:Long/short equity
670:Convergence trade
654:Special situation
215:NYSE Arca Options
124:
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971:Investment banks
818:Foreign exchange
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461:. Archived from
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119:www.getcollc.com
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1002:Fund governance
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844:Absolute return
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768:Program trading
763:Prime brokerage
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699:Trend following
684:Dedicated short
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283:Virtu Financial
268:Scott Patterson
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142:and electronic
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976:Merchant banks
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941:Family offices
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901:Securitization
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649:Risk arbitrage
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584:relative value
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520:External links
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397:978-0307887177
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275:Knight Capital
227:Nasdaq Options
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146:firm based in
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981:Pension funds
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867:delta neutral
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719:Multi-manager
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526:GETCO Website
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465:on 2011-10-19
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418:on 2011-07-06
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315:on 2012-03-24
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235:New York City
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191:South America
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176:market making
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144:market making
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50:Market making
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813:Fixed income
689:Global macro
631:Event-driven
506:. Retrieved
504:. 2012-12-19
501:
492:
478:
467:. Retrieved
463:the original
453:
442:. Retrieved
431:
420:. Retrieved
416:the original
406:
387:
367:. Retrieved
363:
353:
342:. Retrieved
339:www.cnbc.com
338:
328:
317:. Retrieved
310:the original
297:
272:
260:stock market
253:
251:
184:
169:
160:KCG Holdings
135:
131:
127:
125:
109:KCG Holdings
64:Headquarters
34:Company type
1040:Hedge funds
803:Derivatives
798:Commodities
753:Day trading
663:Directional
562:Hedge funds
166:Description
98:400+ (2013)
1075:Categories
995:Governance
569:Investment
508:2020-06-03
469:2011-10-15
444:2011-06-26
422:2011-06-26
369:2020-01-28
344:2020-01-28
319:2012-02-29
289:References
80:Key people
37:Subsidiary
929:Investors
579:Arbitrage
247:Singapore
211:NYSE Arca
180:dark pool
136:Getco LLC
571:strategy
364:DealBook
152:Illinois
72:Illinois
42:Industry
791:Markets
782:Related
741:Trading
502:Reuters
412:"GETCO"
239:Chicago
172:Chicago
148:Chicago
115:Website
68:Chicago
56:Founded
863:Greeks
808:Equity
394:
245:, and
243:London
231:eSpeed
223:Nasdaq
195:Europe
134:), or
104:Parent
906:Short
896:Hedge
877:alpha
784:terms
708:Other
313:(PDF)
306:(PDF)
207:Eurex
187:North
132:GETCO
881:beta
837:Misc
392:ISBN
264:NYSE
219:BATS
199:Asia
197:and
189:and
126:The
59:1999
203:CME
1077::
883:/
879:/
865::
717:/
677:/
609:/
500:.
378:^
362:.
337:.
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875:(
869:)
861:(
581:/
554:e
547:t
540:v
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486:.
472:.
447:.
425:.
400:.
372:.
347:.
322:.
130:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
