Is D. E. Shaw & Co. cheaper to start than GTS (Global Trading Systems)?

D. E. Shaw & Co.: evaluation pricing varies. GTS (Global Trading Systems): evaluation from —.

Which pays out faster — D. E. Shaw & Co. or GTS (Global Trading Systems)?

D. E. Shaw & Co. payouts: N/A (employee comp). GTS (Global Trading Systems) payouts: Quarterly. First-payout eligibility: D. E. Shaw & Co. — n/a; GTS (Global Trading Systems) — —.

Can I trade news at D. E. Shaw & Co. or GTS (Global Trading Systems)?

D. E. Shaw & Co.: permits news trading. GTS (Global Trading Systems): policy unconfirmed.

Can I hold positions overnight at D. E. Shaw & Co. or GTS (Global Trading Systems)?

D. E. Shaw & Co.: allows overnight holds. GTS (Global Trading Systems): allows overnight holds.

Head-to-head

D. E. Shaw & Co. vs GTS (Global Trading Systems)

A direct, side-by-side comparison of D. E. Shaw & Co. and GTS (Global Trading Systems) — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.

Quick verdict

D. E. Shaw & Co. is best for

news traders.

Full D. E. Shaw & Co. profile →

Quick verdict

GTS (Global Trading Systems) is best for

traders who prefer Firm Capital and a New York, NY, USA-based firm.

Full GTS (Global Trading Systems) profile →

Cost & compensation

Cost and compensation path

Published fees and payout timing apply to trader-paid funding programs. Firm-capital and institutional paths are shown separately because their economics usually depend on hiring, allocation, salary, bonus, or profit-sharing terms.

D. E. Shaw & Co.

Firm Capital

Not applicable for this model

This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.

GTS (Global Trading Systems)

Firm Capital

Not applicable for this model

Decision guide

Best for your trader type

News traders
D. E. Shaw & Co.
Allows trading through news events.

Attribute	D. E. Shaw & Co. Firm Capital · est. 1988	GTS (Global Trading Systems) Firm Capital · est. 2006
Cost
Evaluation fee	—	—
Monthly fee	—	—
Evaluation required	No	No
Instant funding	No	No
Capital
Profit split	Bonus-based compensation	—
Max allocation	Employee firm — no retail evaluations	Firm Capital
Account sizes	Employee firm — no retail evaluations	Firm Capital
Scaling	—	—
Payouts
Frequency	N/A (employee comp)	Quarterly
First payout	—	—
Assets
Futures	Yes	Yes
Stocks	Yes	Yes
Options	Yes	Yes
Forex	Yes	Yes
Crypto	Yes	Yes
Trading rules
News trading	Yes	—
Overnight holding	Yes	Yes
Weekend holding	Yes	Yes
Copy trading	No	No
Technology
Platforms	Proprietary systems	Internal
Data feed	—	—
Company
Headquarters	New York, USA	New York, NY, USA

About D. E. Shaw & Co.

Global multi-strategy quantitative investment and technology firm with significant proprietary trading.

Full D. E. Shaw & Co. profile →

About GTS (Global Trading Systems)

Quantitative market-maker active in equities, FX, treasuries and ETFs; designated market-maker on NYSE.

Full GTS (Global Trading Systems) profile →

Trust & stability

Reputation and rule-change activity

Two added decision signals: a weighted reputation score from independent review sources, and a 90-day view of structural rule-change activity where monitored sources are available.

D. E. Shaw & Co.

Reputation

canonical

3.2/ 5

Sources used: 1
Confidence: low

Weighted blend of independent trader-review sources. See methodology.

Rule Stability

last 90d

—Unavailable

We do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.

GTS (Global Trading Systems)

Reputation

—canonical score

Not enough independent rating sources to compute a canonical score yet.

Rule Stability

last 90d

—Unavailable

We do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.

Frequently asked

Common questions

Is D. E. Shaw & Co. cheaper to start than GTS (Global Trading Systems)?: D. E. Shaw & Co.: evaluation pricing varies. GTS (Global Trading Systems): evaluation from —.
Which pays out faster — D. E. Shaw & Co. or GTS (Global Trading Systems)?: D. E. Shaw & Co. payouts: N/A (employee comp). GTS (Global Trading Systems) payouts: Quarterly. First-payout eligibility: D. E. Shaw & Co. — n/a; GTS (Global Trading Systems) — —.
Can I trade news at D. E. Shaw & Co. or GTS (Global Trading Systems)?: D. E. Shaw & Co.: permits news trading. GTS (Global Trading Systems): policy unconfirmed.
Can I hold positions overnight at D. E. Shaw & Co. or GTS (Global Trading Systems)?: D. E. Shaw & Co.: allows overnight holds. GTS (Global Trading Systems): allows overnight holds.

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