GTS

Supports orderly trading, informed price discovery, and issuer confidence through experienced floor professionals, technology, and proactive market communication.

Helps clients trade U.S.-listed ETFs with execution and liquidity informed by experienced teams, evolving technology, and a client-centered approach.

Enables clients to access tailored liquidity and execution across global listed and OTC securities, with competitive pricing and best execution for varied orders and strategies.

Combines electronic execution and human judgment to help institutional traders and broker-dealers achieve superior execution quality.

Access liquidity and execution across corporate bonds, U.S. Treasuries, and fixed income ETFs through single-dealer and electronic platforms.

Access continuously updated spot FX quotes and firm or indicative pricing, with price feeds tailored to counterparty requirements.

Access futures trading across exchange platforms and multiple asset classes through GTS’s proprietary strategies and adaptive technology.

Access cross-asset investment strategies supported by enhanced holding structures, electronic execution capabilities, and risk management expertise.

Provides cryptocurrency and digital asset trading through GTS’s integrated digital trading business.

NYSE Designated Market Making

GTS provides designated market making for NYSE-listed companies, combining experienced floor traders with proprietary technology. Its team supports fair and orderly markets, price discovery, IPOs and direct listings, and ongoing issuer communication about trading activity and market conditions.

• Support Fair And Orderly Trading
  Experienced floor professionals and technology support fair and orderly markets and help facilitate price discovery for NYSE-listed companies.
• Guide Companies Through Market Debuts
  GTS’s experienced team has handled major IPOs and a large NYSE direct listing, and coordinates with underwriters to support companies as their shares begin trading.
• Combine Floor Expertise With Technology
  Clients benefit from a team with substantial floor trading experience that pairs human interaction and market judgment with GTS’s technology platform.
• Provide Liquidity For Listed Stocks
  GTS’s DMM operation provides liquidity for listed stocks and commits more than $2 billion in capital each day to help support fair and orderly markets.
• Keep Issuers Informed About Trading
  Proactive market updates and responsive communication help issuer teams understand activity in their stock and broader market conditions.
• Serve A Broad Group Of Issuers
  The service supports a broad portfolio of NYSE-listed companies, including leading businesses and six Dow Jones Industrial Average components.

ETF market making

GTS Securities provides execution and liquidity for all asset classes of ETFs listed in the United States. Its client-centered approach combines extensive ETF product knowledge, responsible use of technology, and capital deployment to support clients’ trading and investing outcomes. The team’s ETF experience reaches back to the inception of the U.S. ETF industry, with many members having more than 20 years of trading and market experience. GTS continually evolves its systems and models to support price discovery, trade execution, and transparency as the number and complexity of ETFs grow.

• Execute Across U.S.-Listed ETFs
  Access execution services for ETFs across all asset classes listed in the United States.
• Access ETF Liquidity
  Draw on GTS Securities’ liquidity offering for U.S.-listed ETFs across all asset classes.
• Leverage Deep ETF Experience
  Work with a team whose ETF experience extends to the early years of the U.S. ETF industry, with many members bringing more than 20 years of trading and market experience.
• Align Trading With Client Needs
  GTS centers its desk philosophy and operations on clients and uses product knowledge, technology, and capital deployment to address their needs and desired outcomes.
• Apply Evolving Trading Technology
  Benefit from systems and models that GTS continually evolves to address the growing number and complexity of ETFs.
• Support ETF Price Discovery
  Use GTS’s evolving systems and models, which are designed to support price discovery as ETF markets grow in number and complexity.
• Promote ETF Market Transparency
  GTS evolves its systems and models to support transparency in ETF markets as their number and complexity increase.

Wholesale Market Making

GTS Wholesale Market Making provides liquidity and execution across domestic and international exchange-listed and OTC securities. Its flexible model combines customized trade execution technology, market expertise, and a partnership mindset to deliver tailored liquidity solutions and competitive pricing across asset classes. Advanced machine learning, sophisticated pricing models, and agile infrastructure support complex execution strategies with minimal market impact, helping clients pursue best execution across order types and goals.

• Access Broad Global Securities Coverage
  Clients can access GTS liquidity and execution services across domestic and international exchange-listed and OTC securities.
• Tailor Liquidity And Execution Solutions
  Clients can customize their execution solutions and access liquidity tailored to their needs, with competitive pricing across asset classes.
• Execute Complex Trading Strategies
  GTS's technology and pricing models are designed to handle complex execution strategies and varied client needs.
• Pursue Best Execution
  Clients can customize execution solutions to pursue best execution across different order types and goals.
• Limit Market Impact
  GTS's execution capabilities support complex strategies with minimal market impact.
• Combine Technology With Market Expertise
  The service combines execution technology with human market understanding to support effective, holistic execution solutions.
• Receive Partnership-Led Client Service
  GTS pairs execution services with a partnership mindset and client service focused on supporting client trading goals.

GTS Execution Services

GTS Execution Services is a full-service agency execution broker serving the institutional trading community and broker-dealers. Its upstairs execution platform combines low-touch electronic execution paths with high-touch human judgment. A team of floor brokers, centrally located on the NYSE trading floor, serves the broker-dealer community.

• Combine Technology With Human Judgment
  The offering brings together low-touch electronic execution and high-touch human judgment to deliver superior execution quality for clients.
• Access Low-Touch Electronic Execution
  Clients can use low-touch electronic execution paths through GTS Execution Services’ upstairs platform.
• Engage NYSE Floor Brokers
  Broker-dealer clients are served by a team of floor brokers centrally located on the NYSE trading floor.
• Use A Full-Service Execution Platform
  Institutional trading clients can access a full-service upstairs execution platform through GTS Execution Services.

Fixed income trading

GTS Securities trades a diversified portfolio of fixed income products, including corporate bonds, U.S. Treasuries, and fixed income ETFs. Its active U.S. Treasury single-dealer platform trades with broker-dealer customers, while the firm also executes strategies on multiple electronic fixed income platforms. GTS’s trading and technology capabilities support client liquidity and execution solutions in fixed income markets.

• Trade U.S. Treasuries
  Trade U.S. Treasuries with broker-dealer customers through GTS’s active single-dealer platform. The website also describes a U.S. Treasury secondary-market collaboration intended to provide clients deeper liquidity, tighter spreads, and improved pricing.
• Execute Across Electronic Platforms
  Use GTS’s execution strategies across multiple electronic fixed income platforms.
• Access Deeper Liquidity And Improved Pricing
  GTS’s stated fixed income collaboration outcomes include deeper liquidity, tighter spreads, lower costs, and improved pricing for market access.
• Trade Corporate Bonds
  Access GTS Securities’ actively traded corporate bond offering as part of its fixed income products.
• Trade Fixed Income ETFs
  Access fixed income ETFs as part of GTS Securities’ actively traded fixed income product portfolio.

Spot FX trading and pricing

GTS transacts spot FX as principal for its own account, either through proprietary trading or as a quote provider. It streams continuously updating indicative spot FX prices across currency pairs through electronic trading platforms and offers both firm and non-firm pricing. Price feeds may be tailored to counterparty requirements, subject to request and approval, and quotes can vary based on transaction, counterparty, market, and venue factors. Trade requests are subject to applicable execution checks.

• Trade Directly With A Principal
  GTS transacts for its own account as principal rather than acting as an agent or fiduciary for the counterparty.
• Access Continuously Updated FX Quotes
  Receive continuously updating indicative spot FX prices across currency pairs through electronic trading platforms.
• Choose Between Firm And Indicative Pricing
  Counterparties can receive firm prices or Last Look indicative prices. The pricing type affects execution checks, potential rejection rates, and bid-offer spreads.
• Tailor Feeds To Counterparty Requirements
  Request a price feed suited to specific requirements. GTS may adjust the feed by agreement as counterparty risk profiles or trading volumes change.
• Align Quotes With Trading And Market Factors
  Quotes can reflect transaction characteristics, counterparty trading profiles, current market and risk conditions, and the conventions and costs of the trading venue.
• Apply Operational, Credit, And Price Checks
  Trade requests are assessed for operational validity and available credit, and Last Look requests are also checked against GTS’s execution tolerance before acceptance or rejection.

Futures trading

GTS’s futures trading team focuses on exchange platforms across multiple asset classes and security types. Its strategies cover highly active products, including mid-levels and overnights, and use firm-developed technology designed to adapt quickly to new opportunities.

• Access Futures Across Multiple Markets
  Clients can access GTS futures trading across exchange platforms, multiple asset classes, and security types.
• Apply Proprietary Trading Strategies
  GTS uses its own strategies across futures trading, including in highly active products and mid-level and overnight trading.
• Trade Highly Active Products
  GTS applies its futures strategies to highly active products, including mid-levels and overnights.
• Adapt To New Trading Opportunities
  Firm-developed technology supports strategies that can quickly adapt as new trading opportunities arise.

Systematic asset management

GTS’s Systematic Asset Management business develops alpha- and beta-driven strategies across asset classes. It combines these strategies with enhanced holding structures and GTS’s electronic execution capabilities and risk management expertise.

Category: Asset Management Services

• Pursue Alpha Across Asset Classes
  Access strategies developed to generate alpha across asset classes.
• Apply Beta Strategies Across Asset Classes
  Access beta-driven strategies developed across asset classes.
• Leverage Electronic Execution Capabilities
  Strategies are supported by GTS’s electronic execution capabilities.
• Apply Risk Management Expertise
  Strategies are supported by GTS’s risk management expertise.
• Use Enhanced Holding Structures
  The business uses enhanced holding structures alongside its cross-asset strategies.

GTS Digital

GTS Digital is GTS’s cryptocurrency and digital assets trading business. It was established by integrating the operations and personnel of Radkl, a digital asset trading firm launched by GTS partners in 2021, into GTS’s broader organization.

• Access Digital Asset Trading
  Customers can engage with GTS’s digital trading business for cryptocurrency and digital assets.
• Connect With GTS’s Integrated Team
  The digital asset trading business operates as part of GTS’s broader integrated team.