GETCO, a global electronic market maker, has unveiled a new high-frequency style execution algorithm that allows institutional investors to mimic the behaviour of low-latency market-making strategies.
The algorithm, called GETAlpha, will cover US equities and leverage GETCO's research, technology and infrastructure. The firm claims the algorithm will help investment institutions to minimise order detection and information leakage by giving them access to the same technology that is used by high-frequency market makers.
“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 client services at GETCO. “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 product to be added to GETCO Execution Services, a suite of trading tools that also includes GETMatched, a US dark pool that trades around 100 million shares per day (formerly known as GES), and GETRouted, a customised low-latency order router.
GETCO currently operates as an electronic market maker on over 50 exchanges and alternative trading venues spanning North and South America, Europe and Asia.