Deep Value

Deep Value

February 26, 2014 06:00 ET

Deep Value Reports Record Trading Volumes

Commitment to Best Execution Drives Nearly 5.3% of Overall US Stock Market Volume on a Day

CHICAGO, ILLINOIS--(Marketwired - Feb. 26, 2014) - Deep Value, developer of high performance trading algorithms, reached a new milestone executing 481,401,795 shares or 5.26 per cent of total US-wide stock market trading volume on September 20, 2013.

Since it began publicly reporting its annual performance, Deep Value has seen substantial year-over-year growth. In December 2011, Deep Value achieved its single highest trading day, processing 1.8 per cent of US-wide stock market trading volume, up from a previous high of 1.3 per cent in June of the same year. In September of 2012, the company hit a new high-water mark, processing 3.7 per cent of US-wide volumes or more than 300 million shares.

"We hold ourselves to a high standard," said Harish Devarajan, CEO of Deep Value. "Our rapid year-over-year growth is evidence that we are continuing to deliver superior performance levels."

Deep Value trading volumes in 2011 totaled 10.3 billion shares valued at 265 billion dollars, compared to 12.6 billion shares in 2012, representing 400 billion dollars. The company topped 15.8 billion shares traded during 2013, representing in excess of 568 billion dollars.

Deep Value continues to invest in building out its research and technology capabilities. The firm focuses heavily on empowering its researchers and technologists by providing easy-to-use development environments, accurate market models and tools to manage and understand outputs from large calculations. A key to its success is its simulation infrastructure, which leverages Hadoop to run massive simulations that make it possible for the company to create fine-grained production improvements.

Deep Value has offices in Chicago, Toronto, New York, London, Bangalore and Chennai.

About Deep Value

Deep Value is focused on developing the world's best trading algorithms. The firm contributes between one to two percent of overall equity trading volume to US stock markets daily, and represented 5.3 per cent of overall US stock market volume in its 2013 daily high. The company's world-class technology solution and platform is installed on-site at client locations as well as at co-located datacenters. Clients include prominent hedge funds and other prestigious financial services powerhouses. Deep Value is the dominant Exchange-sponsored provider of algorithms to all brokers on the Floor of the NYSE. Deep Value has developed its own distributed, fault-tolerant trading platform on top of industry standard open source components. This trading platform can also be run in a cluster based simulation framework allowing Deep Value's research organization to bring to bear large clusters of machines to run sophisticated analysis aimed at improving performance. For more information visit: www.deepvalue.net

Contact Information