a leading electronic market maker across global financial instruments,
is pleased to serve Pinterest
(NYSE: PINS) as their Designated Market Maker and welcome them as the
newest issuer at the New York Stock Exchange.
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Pinterest’s initial public offering (IPO) on April 18 was one of the
largest of the year, with a Day One market capitalization of almost $13
billion. The GTS floor team, with over 20 years of experience working
together, has handled more than 200 IPOs and has been number-one in IPO
allocations by capital raised for the last six straight years. GTS
commits more than $2 billion in capital each day in order to help make
fair and orderly markets at all times.
Ari Rubenstein, co-founder and CEO of GTS said, “The Pinterest IPO was a
fantastic celebration. Pinterest is one of America’s most exciting and
innovative companies and we are delighted to be its DMM. GTS is honored
that so many amazing public companies from around the world call the
NYSE and GTS home.”
GTS’s Designated Market Maker operation lists approximately 1,200
issuers and almost 900 operating companies, for a combined market
capitalization of approximately $12.5 trillion, making it the largest
DMM on the floor of the NYSE. One hundred and sixty-four members of the
S&P 500 call GTS home – and listed companies include Disney (NYSE: DIS),
Oracle (NYSE: ORCL), Levi Strauss (NYSE: LEVI), Berkshire Hathaway
(NYSE: BRK.A), Morgan Stanley (NYSE: MS) and Alibaba Group (NYSE: BABA),
whose IPO was the largest in exchange history.
Patrick Murphy, GTS managing director who leads the firm’s floor
operation said, “We bring our experience and relationships to the floor
every day and pair human interaction with GTS’s proprietary,
state-of-the-art technology. We are a core liquidity provider to help
reduce volatility and the overall cost of capital to issuers.”
GTS is a global electronic market maker, powered by combining market
expertise with innovative, proprietary technology. 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. GTS accounts for 3-6% of daily cash equities volume
in the U.S. and trades over 10,000 different instruments globally. GTS
is the largest Designated Market Maker (DMM) at the New York Stock
Exchange, responsible for nearly $12.5 trillion of market capitalization.
For more information on GTS, please visit www.gtsx.com.