Goldman Sachs Builds Platform For The Firm, No Traders

THIS WEEK'S LEAD STORIES

The day may be coming when every trader has a Unix workstation on his desk, but it's not coming soon at Goldman, Sachs & Co.

Goldman has a group of 22 people using Sun workstations and plans to install 2,500 microcomputers by December, says Malcolm Draper, vice president of information systems.

"We started out with the notion that PCs would be good for secretaries, administrators and maybe salespeople and that we would need Suns for the traders," Draper says, "but we found the traders didn't need

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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