Thursday, June 12, 2008

Goldman Electronic Trading Services - History

Goldman Sachs has a long history of electronic trading expertise.

Goldman Sachs has been committed to providing clients with superior Electronic Trading services since 2000, with the acquisition of Spear, Leeds & Kellogg. SLK was an electronic trading pioneer, launching the first version of REDI in 1992. In the 16 years since the original REDI launch, the product has evolved to provide access to multiple asset classes across global markets. Throughout the years, the commitment to cutting-edge technology, access to liquidity and superior client service has been paramount to our Electronic Trading strategy. This dedication will continue as the products and tools we offer clients evolve alongside the global capital markets.

Mile stones


First Version of REDI launches
REDI stood for Rapid Execution Dot Interface


Spear, Leeds & Kellogg, L.P. (SLK) launches REDIBook, one of the leading ECNs.
Milestones for 1998
SEC Implements Reg ATS covering ECNs.

Milestones for 1999

GS acquires Hull Derivatives in the same year.


GS acquires SLK in Goldman's largest acquisition ever.
Prior to transaction, SLK was the largest privately held securities firm in America.
REDIPlus adds US Options & Futures.


REDIBook ECN Merges with ARCA.


Firm Provides Suite of Sophisticated Advanced Trading Tools.
SIGMA smart order routing for equities and options, and suite of algorithms.
REDIPlus EMS extends reach into Europe and integrates with various order management systems.


Firm offers single platform for trading single stocks and portfolios
Portfolio Trader & Spread Trader fully integrated into REDIPlus


SLK L.P. renamed as Goldman Sachs Execution & Clearing, L.P.
Goldman Sachs also adds additional asset classes offering fully multi-product offering for equities, futures, options, foreign exchange and synthetics.


Goldman Sachs Extends Reach Into Asia and Canada by adding access to additional global liquidity sources.
Over a dozen Asian equities & futures exchanges available, including the full suite of global algorithmic capabilities to complement North American & European offering.

Multi-broker access available to all REDIPlus & FIX clients around the world; multiple destinations established for clients to route orders to and from their OMS/EMS of choice. Additionally, algorithmic offering moves into portfolio level & multi-asset categories.


GS creates the largest U.S. Crossing Network.
SIGMA X executing on average over 120mm/ day.
First foreign broker deal to provide electronic access to Trade China 'A' Shares.
Shanghai and Shenzhen Exchanges available for QFII clients.


SIGMA X crosses a record 219 mm shares, and average daily volume reaches 157 mm shares

No comments: