Financial News
GTS Selected as NYSE Designated Market Maker for Five ETFs From the TCW Group
With the additions, GTS’s ETF Market Share Grows to 67 Percent at the Exchange
GTS, a leading electronic market maker across global financial instruments, today announced that it has been selected as the NYSE designated market maker (DMM) for five ETFs issued by the TCW Group, a leading global asset management firm.
The five funds ranked by assets under management are: VOTE (TCW Transform 500, $635.4 mln in AUM); GRW (TCW Compounders, $191.0 mln in AUM); NETZ (TCW Transform Climate, $139.3 mln in AUM); AIFD (TCW Artificial Intelligence, $65.1 mln in AUM); and SUPP (TCW Transform Supply Chain, $15.5 mln in AUM).
These five allocations bring GTS's market share of NYSE DMM allocated listings in ETFs to 67% (21 of 31 current listings). Gregg Maloney of GTS will act as the DMM in VOTE, GRW, NETZ, AIFD, and SUPP.
“GTS is delighted to support these exciting ETFs from the TCW Group, which adds to our growing roster of listed ETFs and our demonstrated expertise in making markets for this important asset class,” said Paul Weisbruch, head of ETF issuer services at GTS.
With industry-leading technology and extensive floor trading expertise, GTS’s DMM business segment forms the backbone for efficient capital formation to drive the growth of listed securities. Its portfolio encompasses 1,116 stock issues with a market capitalization of $14 trillion, equal to 32% of NYSE market listings. The DMM team averages 26 years of experience and has handled trading for more than 250 IPO listings since 2013 — including the IPO for Alibaba, the largest IPO in global history.
About GTS
GTS is a collection of financial services companies spanning a wide array of asset classes and investment approaches, all powered by the combination of market expertise with innovative, proprietary technology. With roots as a quantitative trading firm continually building for the future, the GTS family of companies are able to leverage the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets. GTS’s electronic market maker GTS Securities accounts for 3-5% of daily cash equities volume in the U.S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $14 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240530160919/en/
Contacts
Media:
Profile for GTS
Rich Myers, rmyers@profileadvisors.com 347-774-1125
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