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Goldman Sachs Electronic Trading (GSET) announced today the release of the latest version of REDIPlus, Goldman Sachs’ proprietary, award-winning execution management system. The release of v 8.0 marks the first of several major releases scheduled for 2008, and will provide clients with substantial product and performance enhancements.
"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 our 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.
Goldman Sachs Electronic Trading provides clients with the necessary tools to manage their trades across asset classes and global markets. Clients access our products via FIX or via REDIPlus®. REDIPlus is a registered mark of Goldman Sachs Execution & Clearing, L.P.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
