1046:
1036:
1026:
1056:
733:
483:
27:
1080:
1090:
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,
1029:
1095:
302:
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
1085:
1006:
910:
411:
458:
1100:
610:
552:
395:
497:
359:
1049:
884:
285:
by offering to pay $ 3.75 per share to Knight
Capital’s shareholders, for a total value of $ 1.4 billion.
872:
202:
249:, and was an investor in the electronic exchanges BATS Exchange, Chi-X, NYSE Liffe U.S., Eris, and ELX.
583:
226:
1011:
955:
674:
601:
545:
309:
848:
718:
267:
950:
858:
853:
817:
714:
678:
960:
757:
630:
606:
591:
45:
985:
643:
615:
596:
415:
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
1039:
890:
802:
638:
620:
538:
462:
388:
Dark Pools: High-Speed
Traders, A.I. Bandits, and the Threat to the Global Financial System
155:
8:
1059:
965:
945:
772:
747:
254:
139:
970:
915:
827:
693:
669:
653:
391:
214:
437:
862:
797:
278:
270:
described the firm as "the largest and most powerful high-frequency trading firm".
1001:
905:
895:
876:
843:
767:
762:
698:
683:
282:
900:
880:
648:
274:
103:
262:. GETCO also served as one of the six Designated Market Makers (DMMs) on the
1074:
975:
940:
866:
234:
218:
190:
186:
175:
143:
49:
980:
935:
822:
807:
688:
259:
159:
108:
812:
752:
258:, the firm was identified as one of the largest market makers in the US
561:
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
578:
246:
210:
179:
732:
334:
151:
71:
158:; this merger was completed in July 2013, forming the new company
238:
185:
Prior to the merger into KCG, GETCO traded in over 50 markets in
171:
147:
67:
242:
230:
222:
194:
530:
206:
26:
525:
263:
198:
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
498:"Getco to buy Knight Capital in $ 1.4 billion deal"
1081:Financial services companies of the United States
438:"Meet Getco, High-Frequency Trade King - WSJ.com"
1091:Financial services companies established in 1999
1072:
154:. In December 2012, the firm agreed to acquire
546:
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
553:
539:
25:
435:
385:
20:Global Electronic Trading Company (GETCO)
376:
357:
1073:
266:between 2010 and the merger. In 2012,
611:fixed-income relative-value investing
534:
332:
360:"Knight Capital and Getco to Merge"
13:
1086:Defunct companies based in Chicago
14:
1112:
519:
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
560:
436:Patterson, Scott (2009-08-27).
490:
476:
451:
429:
404:
351:
326:
295:
165:
1:
288:
138:, is an American proprietary
885:security characteristic line
7:
873:Capital asset pricing model
592:Capital structure arbitrage
84:Stephen Schuler, Co-founder
10:
1117:
675:Commodity trading advisors
86:Daniel Tierney, Co-founder
1020:
1012:Managed Funds Association
994:
956:High-net-worth individual
928:
836:
790:
781:
740:
729:
707:
662:
629:
577:
568:
386:Patterson, Scott (2012).
303:"GETCO Names Coleman CEO"
252:In a 2009 profile by the
114:
102:
92:
78:
63:
55:
41:
33:
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
19:
1068:
1067:
924:
923:
727:
726:
694:Long/short equity
670:Convergence trade
654:Special situation
215:NYSE Arca Options
124:
123:
1108:
1058:
1057:
1048:
1047:
1038:
1037:
1028:
1027:
971:Investment banks
818:Foreign exchange
788:
787:
735:
575:
574:
555:
548:
541:
532:
531:
513:
512:
510:
509:
494:
488:
487:
480:
474:
473:
471:
470:
461:. Archived from
455:
449:
448:
446:
445:
440:. Online.wsj.com
433:
427:
426:
424:
423:
414:. Archived from
408:
402:
401:
383:
374:
373:
371:
370:
355:
349:
348:
346:
345:
330:
324:
323:
321:
320:
314:
308:. Archived from
307:
299:
279:General Atlantic
119:www.getcollc.com
29:
22:
18:
1116:
1115:
1111:
1110:
1109:
1107:
1106:
1105:
1071:
1070:
1069:
1064:
1016:
1002:Fund governance
990:
920:
844:Absolute return
832:
783:
777:
768:Program trading
763:Prime brokerage
736:
723:
703:
699:Trend following
684:Dedicated short
658:
625:
582:
570:
564:
559:
522:
517:
516:
507:
505:
496:
495:
491:
482:
481:
477:
468:
466:
457:
456:
452:
443:
441:
434:
430:
421:
419:
410:
409:
405:
398:
384:
377:
368:
366:
356:
352:
343:
341:
331:
327:
318:
316:
312:
305:
301:
300:
296:
291:
283:Virtu Financial
268:Scott Patterson
168:
142:and electronic
95:
87:
85:
81:
74:, United States
17:
12:
11:
5:
1114:
1104:
1103:
1098:
1093:
1088:
1083:
1066:
1065:
1063:
1062:
1052:
1042:
1032:
1021:
1018:
1017:
1015:
1014:
1009:
1004:
998:
996:
992:
991:
989:
988:
983:
978:
976:Merchant banks
973:
968:
963:
958:
953:
948:
943:
941:Family offices
938:
932:
930:
926:
925:
922:
921:
919:
918:
913:
908:
903:
901:Securitization
898:
893:
888:
870:
856:
851:
846:
840:
838:
834:
833:
831:
830:
825:
820:
815:
810:
805:
800:
794:
792:
785:
779:
778:
776:
775:
770:
765:
760:
755:
750:
744:
742:
738:
737:
730:
728:
725:
724:
722:
721:
711:
709:
705:
704:
702:
701:
696:
691:
686:
681:
672:
666:
664:
660:
659:
657:
656:
651:
649:Risk arbitrage
646:
641:
635:
633:
627:
626:
624:
623:
618:
613:
604:
599:
594:
588:
586:
584:relative value
572:
566:
565:
558:
557:
550:
543:
535:
529:
528:
521:
520:External links
518:
515:
514:
489:
475:
450:
428:
403:
397:978-0307887177
396:
375:
350:
325:
293:
292:
290:
287:
275:Knight Capital
227:Nasdaq Options
167:
164:
146:firm based in
122:
121:
116:
112:
111:
106:
100:
99:
96:
93:
90:
89:
82:
79:
76:
75:
65:
61:
60:
57:
53:
52:
43:
39:
38:
35:
31:
30:
15:
9:
6:
4:
3:
2:
1113:
1102:
1099:
1097:
1094:
1092:
1089:
1087:
1084:
1082:
1079:
1078:
1076:
1061:
1053:
1051:
1043:
1041:
1033:
1031:
1023:
1022:
1019:
1013:
1010:
1008:
1005:
1003:
1000:
999:
997:
993:
987:
984:
982:
981:Pension funds
979:
977:
974:
972:
969:
967:
964:
962:
959:
957:
954:
952:
949:
947:
944:
942:
939:
937:
936:Vulture funds
934:
933:
931:
927:
917:
914:
912:
909:
907:
904:
902:
899:
897:
894:
892:
889:
886:
882:
878:
874:
871:
868:
867:delta neutral
864:
860:
857:
855:
852:
850:
847:
845:
842:
841:
839:
835:
829:
826:
824:
823:Money markets
821:
819:
816:
814:
811:
809:
806:
804:
801:
799:
796:
795:
793:
789:
786:
780:
774:
771:
769:
766:
764:
761:
759:
756:
754:
751:
749:
746:
745:
743:
739:
734:
720:
719:Multi-manager
716:
713:
712:
710:
706:
700:
697:
695:
692:
690:
687:
685:
682:
680:
676:
673:
671:
668:
667:
665:
661:
655:
652:
650:
647:
645:
642:
640:
637:
636:
634:
632:
628:
622:
619:
617:
614:
612:
608:
605:
603:
600:
598:
595:
593:
590:
589:
587:
585:
580:
576:
573:
567:
563:
556:
551:
549:
544:
542:
537:
536:
533:
527:
526:GETCO Website
524:
523:
503:
499:
493:
485:
479:
465:on 2011-10-19
464:
460:
454:
439:
432:
418:on 2011-07-06
417:
413:
407:
399:
393:
389:
382:
380:
365:
361:
354:
340:
336:
329:
315:on 2012-03-24
311:
304:
298:
294:
286:
284:
280:
276:
271:
269:
265:
261:
257:
256:
250:
248:
244:
240:
236:
235:New York City
232:
228:
224:
220:
216:
212:
208:
204:
200:
196:
192:
191:South America
188:
183:
181:
177:
176:market making
173:
163:
161:
157:
153:
149:
145:
144:market making
141:
137:
133:
129:
120:
117:
113:
110:
107:
105:
101:
97:
91:
83:
77:
73:
69:
66:
62:
58:
54:
51:
50:Market making
47:
44:
40:
36:
32:
28:
23:
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:.
241:,
237:,
225:,
221:,
217:,
213:,
209:,
205:,
193:,
162:.
150:,
70:,
48:,
887:)
875:(
869:)
861:(
581:/
554:e
547:t
540:v
511:.
486:.
472:.
447:.
425:.
400:.
372:.
347:.
322:.
130:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.