Tower Research Company to launch a fund for external investors

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Tower Research Capital plans for a high frequency frequency to launch an external investors as it looks forward to a transformation beyond the high -speed strategies that made it a major player in global stock markets.

The familiar people on this issue said that the Tower Fund will hold investment positions for hours or days at one time instead of second rumor fragments in the industry. One of the first examples of a large high -speed shop will be determined to open a product for external investors.

A person who was established at Credit Suisse, with a fixed -income company, Mark Gorton, founded in 1998 by the fixed -income -income -income company in the previous income, said that the fund launch later this year.

The tower refused to comment.

TOWER and other very secret commercial companies have become Citadel Securities, Jane Street and Jump Trading The dominant power of Wall Street After the difficult regulations were placed in their place after the 2008 financial crisis, banks prompted the market -making activities.

Most of them use complex algorithms to exploit small prices and also benefit from styles in stocks and options that can last for up to 10 million seconds, putting large amounts of very small deals. Citadel Securities alone treats more than $ 450 billion in trading per day, including nearly a quarter of all stock trading in the United States.

Some of the largest trade companies have expanded in recent years to markets for government bonds and companies. But the so -called medium frequency strategies in the stock trade began to calculate a greater share of their revenues, with companies that are increasingly occupying parking for dozens of minutes, hours or days before closing.

“If you are really good in gold mining, then why do you only adhere to gold?” David LaReveri, a professor of financial engineering at Illinois, who previously worked at GTS at GTS, said.

“Although markets become more efficient to know how to do them (High frequency tradingHe added, “It removes the barriers that were present around specialized and profitable deals, and forcing companies such as Tower to expand their business, simulating multi -group boxes including Millennium Management.

A person close to the tower said: “There is nothing but limited (limit) to the amount of money that you can one pound with high frequency strategies.”

They added: “It is a fixed high -cost work and I believe that all companies are looking into the ways through which they can benefit from the cost base for the Qulants application, models and systems on more (parts of the market). It is logical for a company like TOWER that focuses only on the short end in the short term to move increasingly down (spectrum).”

Before the founding of Tower, Gorton developed the Limewire file sharing platform that was closed by the American authorities in 2010. Recently, he donated money to a pricing campaign in support of New York and supported a super political committee that supported Robert F. Kennedy Junior to the president.