GTS Selected as NYSE Designated Market Maker for Five ETFs From the TCW Group
30 Maio 2024 - 9:30AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530160919/en/
Media: Profile for GTS Rich Myers,
rmyers@profileadvisors.com 347-774-1125
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