Algorithm Trading Solutions Names George L. Rodriguez Managing Director.NEWARK, N.J. -- Algorithm Trading Solutions, a leading provider of cutting-edge quantitative trade execution and services for institutional investors, announced today that George Rodriguez has joined the firm as Managing Director. Rodriguez, a veteran Wall Street executive, has over a decade of experience managing, developing and marketing electronic trading and quantitative strategies. He joins Algorithm Trading Solutions from Guzman & Company where he was senior vice president and head of capital markets. Prior to that, Rodriguez, 46, spent nine years as a director at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . While at the NYSE NYSE See: New York Stock Exchange he was part of a team that directed the development and marketing of the NYSE's SuperDot electronic trading system. SuperDot was the first-of-its-kind electronic order-routing system that facilitated the transmission of both market and limit orders directly to NYSE trading posts Trading posts The positions on the floor of a stock exchange where the specialists stand and securities are traded. . "George possesses a keen understanding of electronic and algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of , as well the SEC's proposed Regulation NMS and the NYSE's hybrid market proposals," said Fred Graboyes, President of Algorithm Trading Solutions. "George's insight into how these structural changes in the US equity markets will impact client trading costs Trading costs Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: Transactions costs. and portfolio performance will be among our strongest assets." About Algorithm Trading Solutions Algorithm Trading Solutions is the algorithm-based equity trading division, of TradeTrek Securities, and is the primary focus of the firm. Algorithm Trading Solutions provides institutional investors with algorithmic electronic order placement and execution. The speed and stealth with which the firm's technology executes trades can minimize the so-called "implementation shortfall," or the transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). of trading stock. |
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