GETAlpha

Our execution algorithms give investors access to the same advanced technology available to electronic market makers. GETAlpha is a customizable suite of trading tools built to capture advantages across rapidly changing markets, giving institutional investors a range of trading strategies expressly designed to navigate the complexities of today’s multi-venue marketplace.

The GETAlpha suite is designed to operate in the modern U.S. equity market. We understand that exchanges move at ever-increasing speeds, and GETAlpha is fine-tuned to thrive in today’s highly technical, fast-evolving market. It can interact with both public exchanges and dark pools of liquidity, and it is fully optimized for interaction with our alternative trading system, GETMatched.

Built using the same principles that power our market maker, GETAlpha offers the investment community maximum liquidity with minimum detection.

Our Technology

Micro Capture.
Major Advantage.

GETAlpha provides investors unmatched performance because of the way it was built.

Market makers trade in small sizes, in both directions, every day. GETCO has developed intelligent tools to optimize these smaller transactions. Our tools efficiently transfer small amounts of risk at a time, building value throughout the execution of large orders.

We call this approach Micro-Alpha Capture, and it’s the proven competitive advantage we pass on to GETAlpha users.

Our Suite of Algorithms

GETAlpha includes seven different execution algorithms. These cutting-edge tools offer leading performance across diverse market conditions and trading demands. Because GETAlpha algorithms are fully customizable, investors can feel secure that each order will be managed and executed to their exact specifications. In addition, our benchmark and liquidity seeking strategies are designed to provide customers with associated rebates or fees deriving from trade executions.

Opportunistic

This proprietary strategy serves as the foundation for the GETAlpha suite, drawing from our unique experience with alpha models and order logic. While our other algorithms offer specialized approaches for particular trading demands, they have the flexibility to take advantage of Opportunistic strategies when possible.

Opportunistic allows investors to trade by passively posting liquidity, in essence acting as a one-sided market maker. Users have the benefit of our advanced fair-value forecasts informing their participation, using the same processes and technology that are available to global market makers.

This strategy doesn’t target a participation rate, volume percentage or time percentage. Instead, Opportunistic targets an alpha capture amount set by the user. Depending on market forces, this strategy may vary in its trading volume and participation rates.

Opportunistic features five different alpha capture speeds that can be customized to suit our partners’ executional needs.

For traders who:

  • Want to be liquidity providers into the market
  • Want to capture spread
  • Don’t want to force liquidity to exist on any schedule while minimizing impact

Volume Weighted Average Price (VWAP)

VWAP enables investors to achieve a targeted average price during a specified time interval.

For traders who:

  • Want to minimize their market impact
  • Need to finish their order
  • Want to participate over a specified trading interval

Time Weighted Average Price (TWAP)

TWAP allows investors to even distribute their trading activity over a specified time interval.

For traders who:

  • Need to evenly distribute their trade over a specified time
  • Need to finish their order

Percentage of Volume

​Percentage of Volume allows investors to target trading a specific percentage of market volume.

For traders who:

  • Want to match a set participation rate

Implementation Shortfall

Implementation Shortfall dynamically updates the investors trading activity to minimize market impact for a given level of risk aversion.

For traders who:

  • Placing orders benchmarked against Arrival Price
  • Need to limit price impact

 

Optimal Alpha

​Optimal Alpha uses a proprietary index that estimates the cost of liquidity over the course of the day to generate a trading profile.

For traders who:

  • Want to minimize impact costs
  • Need to finish their order
  • Want to participate over a specified trading interval

Smart Order Router

​Smart Order Router enhances trades so clients have liquidity while benefiting from real-time prices. GETCO is able to capture more than 99 percent of the quoted prices to further assist clients who are concerned with being able to effectively capture liquidity when they see it.

For traders who:

  • Need to quickly access liquidity across all lit exchanges
  • Want to interact with 13 alternative trading systems

Building A Stronger Platform

Users of the GETAlpha suite benefit from a combination of co-located, exchange-integrated hardware and software, optimized networking infrastructure and innovative cost protections.

GETAlpha connects to all public markets and several alternative trading systems to ensure that orders have maximum access to liquidity. Our integrated system of superior co-located hardware, software, and networking tools allows us to process orders and information rapidly, and gives clients extremely low latency executions.

Sophisticated market protections defend our clients from abusive traders, information leakage and detection. GETCO’s proprietary alpha forecasts identify and minimize the actions of predatory traders—ensuring our clients can interact freely with the market.

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Our advanced infrastructure generates effective price forecasts by intelligently aggregating and processing market information.

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We manage outstanding orders across different liquidity pools, strategically interacting with the market by leveraging multiple order types over optimized network connections.

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GETAlpha maximizes alpha capture and manages a client’s utilization of liquidity by developing an execution schedule to balance market impact and opportunity cost.

VWAP Execution Performance
VWAP Slippage BPS
VWAP Slippage Pct Spread
All Stocks
1.0104
13.34%
SP500
0.4714
7.94%
+ About These Numbers
  • Client designated start and end time using GETCO’s VWAP strategy
  • Slippage is measured against market VWAP during client designated interval
  • These orders were all market orders with no client limit price designated
  • No orders in this data set were modified or cancelled during the order lifetime
  • Execution completion was a requirement

Unparalleled Market
Intelligence

Our success is built on our best-in-class ability to read market information quickly and efficiently. GETAlpha clients benefit from technology drawing from our years of experience reading and understanding market behavior.

Clients also receive daily performance reports curated by our team of experienced trading professionals. These customizable statements offer our partners a detailed breakdown of executions, fill reports and performance.

Easy Implementation

The suite of GETAlpha algorithms is widely available via OMS vendors or direct connection, offering clients a simple connection process.

GETAlpha supports:

  • ​Portware
  • Eze Castle
  • Flextrade
  • Mixit
  • Realtick
  • REDIPlus
  • Triton
  • WEX
  • Bloomberg
  • Fidessa
  • Newport

For proprietary platforms or those not listed here, please contact us directly. GETAlpha can be easily customized to interact with any execution management system.

Secure Information Barriers

GETAlpha is managed by GETCO Execution Services, a business independent from our market maker. While GETAlpha allows investors to take advantage of our market making tools, it does not require clients to interact with GETCO’s pool of liquidity. GETAlpha users may access our GETMatched liquidity when it is beneficial for them, but our information barriers ensure order information remains confidential—even to our other businesses.

Client orders receive precedence when interacting with our dark pool of liquidity. They are filled in advance of our market making operations, and can interact with all liquidity in the pool, not just our own.

Get Started:

Contact a GETAlpha representative to learn more.

Call Us: +1 646 428 1600 United States, New York location
Email Us: sales@getcoexecution.com