NEW YORK–(BUSINESS WIRE)–GTS, a leading electronic market maker across global financial instruments, today announced the addition of U.S. Marine Corps combat veteran and experienced equities trader Mark Otto as the firm’s first Global Market Commentator.
GTS is the largest Designated Market Maker (“DMM”) at the New York Stock Exchange (“NYSE”) and has an extensive track record of responsibly using best-of-class technology to bring better price discovery, trade execution and transparency to the markets.
Ari Rubenstein, Co-Founder and CEO of GTS, said, “It is an honor to welcome Mark Otto to GTS as our Global Market Commentator. We look forward to his unique content and analysis on how increasing uncertainty in the global markets and geopolitical environment might play out in the securities markets. It is important that we as a firm are always looking across markets and across international borders to assess the impact for public companies and investors.”
At the NYSE, GTS is responsible for the trading in more than 900 public companies that have a total market capitalization of approximately $13 trillion dollars. Listed securities include blue chip companies ranging from ExxonMobil (NYSE: XOM) and Ford (NYSE: F) to international companies such as Alibaba (NYSE: BABA) to leading global technology companies like Oracle (NYSE: ORCL) and AT&T (NYSE: T).
As Global Market Commentator for GTS, Otto will combine his specialty of trading American depositary receipts (“ADR”), algorithmic trading, market making and volatility trading with his experience trading in times of historic geopolitical events and market turmoil such as the 2008 Financial Crisis, the Flash Crash, the Greek Debt Crisis, Eurozone Debt Crisis and Brexit to provide market commentary on current trends and their impact on the securities markets.
“I am thrilled to continue my career on the NYSE with GTS,” Mark Otto said, “So much of the pricing of stocks results from international developments and interconnected global economies. It’s an honor for me to share my commentary and views as part of the GTS platform. The firm is a pioneer in bringing innovation to the marketplace and it is an incredible opportunity for me to be teaming up with such an important player in the global capital markets ecosystem.”
Between 1988 and 1992, Otto served under the 2nd Surveillance Renaissance and Intelligence Group based out of Camp Lejeune, North Carolina. During his military service, Otto saw combat during the Panama Invasion and Operation Desert Storm, as well as leading surveillance teams observing and securing U.S. boarders in support of Federal Law Enforcement agencies.
Otto received over a dozen military decorations and achievements, including the Combat Action Ribbon with Gold Star, Joint Meritorious Unit Commendation and Airborne Jump Wings.
In addition to his military service, Otto brings 25 years of trading experience on the floor of the New York Stock Exchange.
Having received his first opportunity on the NYSE from a Vietnam Veteran, Otto started as a Junior Specialist Clerk and climbed the ranks over his 25-year career to Foreign Risk Manager and Arbitrage Trader at Susquehanna International Group, ADR Trader and Director at Knight Capital, and Partner at J. Streicher & Co.
In addition to his new role at GTS, Otto also serves as Executive Director of the United War Veterans Council (“UWVC”), best known for producing the New York City Veterans Day Parade, as well as Founder of the UWVC Health and Wellness Program which focuses on healing veterans suffering from a multitude of issues including post-traumatic stress, traumatic brain injuries, drug addiction and homelessness.
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 $13 trillion of market capitalization.