LONDON, June 24, 2010 /PRNewswire/ -- GETCO, a global electronic trading and technology firm, today announced the European launch of GETCO Execution Services (GES). The GES trading platform provides investors with direct, efficient, reliable and anonymous access to the dedicated liquidity of leading market-maker GETCO. Importantly, GES also reduces systemic risk by ensuring central counterparty clearing for all participants - the first trading venue of its kind in Europe to do so.
GETCO Execution Services is pleased to raise the standard for investors seeking to minimize market impact, said Jon Ross, global co-leader of GES. GES provides deep liquidity and sub-millisecond executions, and with its CCP clearing model GES reduces counterparty and overall systemic risk.
GES's liquidity is made possible by GETCO's position as a leading market-maker on more than 50 exchanges, ECNs, ATSs and MTFs in North and South America, Europe, and Asia.
The GES platform provides a technologically superior trading experience. Client orders receive, on average, sub-millisecond executions - including fills and partial fills - at the European Best Bid and Offer (EBBO) or better.
In Europe, GES is an appointed representative of GETCO Europe Limited. GETCO Europe Limited is authorized and regulated by the FSA. In the US, GES is a member of SIPC, FINRA, NASDAQ and BATS, and is a wholly owned subsidiary of GETCO Holdings. For more information, please visit: www.getcollc.com/GES/.
GETCO is a global electronic trading and technology firm focused on helping investors efficiently transfer risk. Our primary business, electronic market-making and liquidity provision, involves both buying and selling securities to provide two-sided markets on exchanges around the world. The electronic liquidity we supply allows individual and institutional investors to immediately transfer the risk often associated with securities while saving money on trading costs. In addition, GETCO provides customers with dedicated liquidity through GETCO Execution Services (GES).
Media Contacts: Adam Weiner, +1-212-521-4823 Sofia Mata-Leclerc, +1-212-521-4821
CONTACT: Adam Weiner, +1-212-521-4823; Sofia Mata-Leclerc, +1-212-521-4821