GTS Company

　　

GTS Company: Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　GTS, or Global Trading Systems, was founded in 2006 by Ari Rubenstein, David Lieberman, and Amit Livnat. The founders, previously associated with the Pax Clearing Corporation, recognized the potential of electronic trading and aimed to leverage technology to enhance trading efficiency and speed.

　　

Parent Company/Owning Structure

　　GTS operates as a private entity and does not have a publicly traded parent company. It is structured as a limited liability company (LLC), which allows for flexibility in management and operations.

　　

Headquarters Location

　　The company is headquartered in New York City, specifically at 545 Madison Avenue, NY 10022, United States. This location places GTS at the heart of one of the world's leading financial centers.

　　

Global Business Scope

　　GTS operates on a global scale, trading a diverse array of financial instruments across various asset classes. The firm accounts for approximately 3-5% of the daily turnover of U.S. equities and has a significant presence in international markets, including offices in Chicago, London, Paris, Warsaw, and Israel.

　　

Main Regulatory Bodies

　　GTS has faced regulatory challenges over the years. Its operations have been scrutinized by several regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). However, several of its regulatory licenses have been revoked, raising concerns about its compliance status.

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2. Company History and Development

　　

Key Milestones

　　Since its inception, GTS has achieved several key milestones. In 2016, it acquired the designated market maker (DMM) trading business of Barclays, allowing it to become the DMM for over 1,200 listed securities on the NYSE. Additionally, GTS has handled over 250 IPO listings since 2013, including significant ones like Alibaba.

　　

Business Expansion Journey

　　GTS began as an equity trading operation and has since expanded into various financial products, including futures and currencies. The company's growth strategy has included acquiring other trading divisions and forming strategic partnerships, such as its collaboration with BNP Paribas to enhance U.S. Treasury trading.

　　

Customer Base Growth

　　The firm serves a diverse clientele, including leading financial institutions and public companies. Its focus on client-centric solutions has contributed to a robust customer base, which has grown significantly over the years.

　　

Platform Development History

　　GTS has invested heavily in technology, developing proprietary trading platforms that leverage advanced algorithms and machine learning. This technological backbone enables GTS to execute trades efficiently and provide liquidity across different asset classes.

　　

Important Awards or Recognitions Received

　　While specific awards are not detailed in the available information, GTS is recognized within the industry for its innovative trading solutions and market-making capabilities, especially in the context of its substantial role in the NYSE.

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3. Trading Services Offered

　　

Forex Trading Options

　　GTS offers forex trading services across a wide range of currency pairs. The number of currency pairs available for trading is extensive, allowing clients to access major, minor, and exotic currencies.

　　

Stock Trading Options

　　As a designated market maker, GTS provides liquidity for numerous stocks listed on major exchanges, including the NYSE. This includes participation in the trading of blue-chip stocks and significant IPOs.

　　

CFD Trading Products

　　GTS also offers Contracts for Difference (CFDs), allowing clients to trade on the price movements of various financial instruments without owning the underlying assets. This service provides flexibility and opportunities for speculation.

　　

Other Financial Instruments

　　In addition to forex and stocks, GTS trades commodities, ETFs, and fixed-income products. As of October 2023, GTS has expanded its services to include foreign exchange trading due to increased market volatility.

　　

Special Services or Unique Advantages

　　GTS differentiates itself through its advanced technology and client-centric approach. The firm employs sophisticated pricing models and machine learning capabilities to enhance execution quality and liquidity provision. Additionally, GTSs experience as a DMM gives it unique insights into market dynamics.

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4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　GTS has been subject to various regulatory bodies, including:

• Financial Conduct Authority (FCA): UK regulatory body, with several licenses revoked.
• Australian Securities and Investments Commission (ASIC): Oversaw GTS's operations in Australia, but licenses have also been revoked.
• U.S. Securities and Exchange Commission (SEC): Regulatory oversight for U.S. trading activities.

　　

Legal Entity Structure by Region

　　GTS operates under different legal entities based on its geographical presence. In the U.S., it is structured as an LLC, while other regions may have different corporate structures depending on local regulations.

　　

Client Fund Protection Measures

　　Due to its regulatory challenges, specific client fund protection measures may not be robustly established. The lack of valid regulatory oversight raises concerns about the safety of client funds.

　　

Countries/Regions Served

　　GTS serves clients globally, with a significant focus on the U.S. and European markets. Its international offices in Chicago, London, Paris, Warsaw, and Israel facilitate its global trading operations.

　　

Compliance History

　　GTS has faced scrutiny regarding its compliance with regulatory standards. The revocation of licenses from major regulatory bodies raises questions about its adherence to industry norms and client protections.

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5. Competitive Landscape

　　

3-5 Main Competitors

　　GTS operates in a highly competitive landscape, with key competitors including:

• Virtu Financial: A leading electronic market maker known for high-frequency trading.
• Citadel Securities: Another major player in market making and trading services.
• Jane Street: A quantitative trading firm that competes in various asset classes.

　　

Positioning in the Industry

　　GTS positions itself as a technology-driven trading firm that emphasizes client service and market efficiency. Its significant market share in U.S. equities and its role as a DMM at the NYSE highlight its competitive standing.

　　

Market Differentiation Factors

　　GTS differentiates itself through its proprietary technology, extensive market expertise, and a client-centric approach. Its ability to provide liquidity across a broad range of asset classes and its established presence in IPOs are significant competitive advantages.

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　　In conclusion, GTS is a prominent player in the financial services industry, known for its innovative trading solutions and significant role in market making. However, potential clients should be aware of its regulatory challenges and the implications for client fund safety. For more detailed insights into GTS's offerings and operations, please refer to the official website or consult industry resources.