Getco LLC
 |
|
| Subsidiary | |
| Industry | High-frequency trading, Market making |
| Fate | Merged with Knight Capital Group in 2013, forming KCG Holdings |
| Founded | 1999 |
| Headquarters | Chicago, Illinois, United States |
|
Key people
|
Stephen Schuler, Co-founder Daniel Tierney, Co-founder Daniel Coleman, CEO |
|
Number of employees
|
400+ (2013) |
| Website | www.getcollc.com |
The Global Electronic Trading Company (GETCO), or Getco LLC, was an American proprietary algorithmic trading and electronic market making firm based in Chicago, Illinois. In December 2012, the firm agreed to acquire Knight Capital Group; this merger was completed in July 2013 forming the new company KCG Holdings.
The firm was founded in 1999 by Stephen Schuler and Daniel Tierney, former floor traders in Chicago, and reached over 400 employees. The firm's primary business was electronic market making, though it also provided execution algorithms and a dark pool through its client services arm, GETCO Execution Services.
GETCO traded in over 50 markets in North and South America, Europe and Asia, and was consistently among the top 5 participants by volume on many venues, including the CME, Eurex, NYSE Arca, NYSE Arca Options, BATS, Nasdaq, Nasdaq Options, Chi-X, BrokerTec, and eSpeed. It has offices in New York City, Chicago, London, and Singapore, and was an investor in the electronic exchanges BATS Exchange, Chi-X, NYSE Liffe U.S., Eris, and ELX.
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Wikipedia