HIGH-FREQUENCY TRADING HITS THE FLOOR

摘要

When NYSE Euronext announced in February that GETCO, one of the biggest players in high-frequency trading, would become a designated market maker, or DMM, on the New York Stock Exchange floor, the news immediately became a hot topic among both the buy- and sell-side communities. As a DMM (the revised term for an NYSE specialist), GETCO posts bids and offers in 350 NYSE stocks. The firm, which officially assumed the role in April,rnrolled out about half of the symbols within the first two weeks.