NEW YORK & TORONTO--(BUSINESS WIRE)--Goldman Sachs Electronic Trading (GSET) announced today the addition of four new strategies to its Canadian and interlisted equities algorithmic suite. This is part of a larger initiative designed to rapidly adapt to market structure changes, improve ease of use and create global consistency across GSET’s multi-asset offering of algorithms.
“A broad and flexible algorithmic offering is critical for the rapidly evolving Canadian marketplace,” said Darren Sumarah, Vice President, Goldman Sachs Electronic Trading in Toronto. “Our clients continue to seek increasingly sophisticated strategies and intelligent liquidity-seeking behavior. Yet at the same time, traders are also demanding simpler workflows with intuitive and consistent order entry.”
GSET’s new Canadian algorithmic strategies include:
GSET SONAR™ - Aggregates liquidity across multiple public and dark venues while mitigating adverse executions.
GSET SONAR DARK™ - Aggregates liquidity across multiple dark and grey venues while mitigating adverse executions.
GSET STEALTH™ - Allows traders to capture all displayed and dark liquidity up to the order’s limit price without posting to public markets.
GSET 1CLICK™ - Offers a single point of access to the range of Goldman Sachs algorithmic strategies. 1CLICK launches orders into the marketplace after the user selects a preferred trading strategy.
The enhanced Goldman Sachs Canadian algorithmic suite, combined with real-time FX integration for cross border smart routing of dually listed names, FX exposure management, and single currency settlement, allows traders to maximize liquidity reach while controlling the footprint of orders in the marketplace.
“The launch of 1CLICK for Canadian and US interlisted equities reinforces GSET’s global initiative to streamline its electronic offering,” said Adam Striffler, Vice President, Goldman Sachs Electronic Trading. “Clients utilizing strategies across the North America markets will benefit from a consistent set of order parameters and interface.”
GSET customers are able to access Goldman Sachs algorithms through all major channels, including third-party order and execution management systems as well as REDIPlus®, GSET’s execution management system.
About Goldman Sachs Electronic Trading
Goldman Sachs Execution & Clearing, L.P, through its GSET offering, provides clients with the necessary tools to manage their trades from start to finish, from pre-trade analytics to post-trade analysis. Clients access our products via REDIPlus®, our top-ranked EMS platform, or via FIX. Customers can seek liquidity using our suite of multi-asset algorithms, route to optimal destinations using our smart router, and take advantage of non-displayed liquidity through our SIGMA™ and SIGMA X™ non-displayed liquidity suite. Along with providing clients access to global equity markets, we also offer foreign exchange, futures and options across North America, Europe, and Asia.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.