Market maker Getco to participate in SEC roundtable June 2

NEW YORK/WASHINGTON, May 25 (BestGrowthStock) – Getco LLC, a big
market maker and high-frequency trader, is among those set to
participate in a U.S. Securities and Exchange Commission
roundtable discussion next week on market structure, nearly a
month after the “flash crash” rattled investors globally.

The June 2 roundtable comes as the SEC continues to seek
answers to the mysterious May 6 market drop, and as the
regulator digests more than 200 letters in response to its
wide-ranging paper on trading and market structure, published
earlier this year. [ID:nN27107810] [ID:nN24151638]

The roundtable, which is expected to include participants
from major exchanges, will discuss computer-driven
high-frequency trading; so-called dark pools where trading is
done anonymously; and short- versus long-term investing, two
people familiar with the agenda said.

Getco confirmed it will attend.

The Chicago-based company has emerged as a global leader in
algorithmic trading in many asset classes, and this year became
an official market maker for NYSE-listed stocks.
[ID:nN11237469]

Market makers take short-term positions on both sides of
the market, providing liquidity. Most use sophisticated,
high-frequency algorithms to take advantage of tiny
imbalances.

Some blame high-frequency traders, some of which stopped
trading May 6, for exacerbating the sharp plunge and rebound.

Stock Market News

(Reporting by Jonathan Spicer and Rachelle Younglai; editing
by Carol Bishopric)

Market maker Getco to participate in SEC roundtable June 2