Head of Algo Trading
GES updates their algorithms daily. This is a lot of work for the 25-member team and the man in charge of the formulas is Chase Lochmiller, managing director, head of algorithmic trading (right). "We're building out the algo suite, purposing the technology we have on the market-making side to apply the execution algorithms," he says. He also helps the US market-making equities desk and explains strategies to clients on the road. Chase looks at GES Home, a client-monitoring screen where GES employees can view both viable and rejected trades. "I have a proprietary tool that displays the different order book at the different venues. It's not Excel but proprietary technology we use to manage market making," he says. Lochmiller also has a screen dedicated to Getco's internal wiki for blog posts. "We had a record day the other day -- 74 million trades -- in the system. We usually do 25 to 60 million," he says.
