Goldman enhances Rediplus platform

Source: Goldman Sachs

Goldman Sachs has released v 8.0 of its REDIplus execution management system. The first of several major releases scheduled for 2008 adds new Asian language interfaces and access to trading in Asia Pacific futures and options, Mexican equities and several new Canadian marketplaces.

"This release further solidifies our strategy to be a truly global and multi-asset platform - both in terms of reach as well as richness of functionality," said Rishi Nangalia, head of global business development for GSET. "In addition to focusing on cross-asset, cross-border capabilities, we continue to build on core functionality including stability, speed and capacity; while improving the client experience."

Clients who wish to use the REDIPlus front-end in a foreign language will now be able to view their workspace in Chinese, Japanese or Korean, with more languages to follow. Options clients will now be able to trade Korean Kospi 200 Index contracts. Additionally, Goldman Sachs algorithmic offering has expanded to the Hong Kong Futures Exchange, Singapore (Futures) Exchange and Sydney Futures Exchange.

REDIPlus users will now be able to trade Mexican equities electronically and will have access to several new Canadian marketplaces, including Pure and Omega. In addition to new Canadian access, clients can also benefit from Canadian SIGMA smart routing for equities that are listed on both a Canadian Exchange and a U.S. exchange, providing opportunities for cross-border best-execution and single-currency settlement. With these new enhancements, GSET will now be offering electronic access to nearly 100 exchanges and liquidity providers globally.

The REDIPlus front-end has been completely redesigned to be more ergonomically-friendly, flexible and modern with the creation of two distinct looks -- "Titanium" and "Carbon" -- (visit http://www.redi.com/forms/v80.pdf for additional information.).

The REDIPlus trading platform allows clients to trade equities, options, futures, foreign exchange and synthetics from a single application. Clients can use REDIPlus to access Goldman Sachs algorithmic strategies in the U.S., Canada, Europe and Asia. Additionally, clients can use REDIPlus to route orders through the SIGMA smart router and post orders directly to the SIGMA X crossing network. Clients trading baskets of securities benefit from integrated portfolio and spread trading functionality and an embedded suite of pre-, during, and post-trade analytics.

Comments: (0)

sponsored