GTS Acquires Stake in Systematic Investment Firm Wavelength Capital Management
Summary
NEW YORK--( BUSINESS WIRE )--GTS, a leading electronic market maker across global financial instruments, today announced that it has acquired an ownership stake in Wavelength Capital Management, a New York-based systematic investment firm.As a quantitative trading firm continually building for the future, GTS leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s financial markets.Mark Landis, co-founder of Wavelength, said “We are extremely excited about the growth opportunities for our business as we continue to build upon the successful quantitative fixed-income strategy we pioneered through decades of analysis.Landis has more than 30 years of executive and investment industry experience having had lead roles in Fixed Income, commodity and currency market research, structuring and trading at Societe Générale, a Julian Robertson “Tiger Cub”, and Credit Suisse.GTS has an extensive track record developing and deploying proprietary, industry-best technology to bring better price discovery, trade execution and transparency to the markets through the use of quantitative, algorithmic, and next generation artificial intelligence applications.