Tower Research
Encyclopedia
Tower Research Capital LLC is a financial services
fund started by Mark Gorton
in 1998.
The financial engine behind many of Gorton's business and civic interests is Tower Research Capital LLC, a financial services firm that he started in 1998, following a 4½ year stint in the proprietary trading department of Credit Suisse First Boston
(now Credit Suisse
). At Credit Suisse, Gorton traded stocks
and built sophisticated hedging tools used to analyze markets. Tower evolved these models and specializes in quantitative trading and investment strategies based on proprietary trading algorithms using statistical methodology to identify non-random patterns in the stock markets. Buying and selling is done through an automated trade execution infrastructure, with many of trades placed through another affiliate, Lime Brokerage LLC.
Tower is staffed by people proficient in Mathematics, Computer Programming, Physics, Law, Economics, Engineering, and Finance.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
fund started by Mark Gorton
Mark Gorton
Mark Howard Gorton is the creator of LimeWire, a peer-to-peer file sharing client for the Java Platform, and chief executive of the Lime Group...
in 1998.
The financial engine behind many of Gorton's business and civic interests is Tower Research Capital LLC, a financial services firm that he started in 1998, following a 4½ year stint in the proprietary trading department of Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
(now Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
). At Credit Suisse, Gorton traded stocks
Stocks
Stocks are devices used in the medieval and colonial American times as a form of physical punishment involving public humiliation. The stocks partially immobilized its victims and they were often exposed in a public place such as the site of a market to the scorn of those who passed by...
and built sophisticated hedging tools used to analyze markets. Tower evolved these models and specializes in quantitative trading and investment strategies based on proprietary trading algorithms using statistical methodology to identify non-random patterns in the stock markets. Buying and selling is done through an automated trade execution infrastructure, with many of trades placed through another affiliate, Lime Brokerage LLC.
Tower is staffed by people proficient in Mathematics, Computer Programming, Physics, Law, Economics, Engineering, and Finance.