News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Getco to expand on NYSE floor in push to diversify

High profile HFT firm becomes the second largest designated market maker on the New York Stock Exchange

Getco on Wednesday said it plans to expand its New York Stock Exchange floor-trading business as part of a long-range plan by the Chicago-based trading firm to build a client base of issuers and financial institutions.

Closely-held Getco, best known as an electronic market-maker, will handle about one-third of daily stock trade at the Big Board after agreeing to acquire Bank of America's NYSE floor business, supervising some of the most widely followed US stocks.

WSJ Logo