Goldman Sachs
Waters Rankings 2103: Best Sell-Side Clearing Provider — Goldman Sachs
In 2012, Goldman Sachs finished second to JPMorgan in this category, less than one percentage point away from dethroning the five-time champ. This year, Goldman has gone one better, narrowly edging out JPMorgan in a category that was again keenly…
REDI Now Independent of Goldman
Goldman Sachs has sold REDI, with its REDIPlus execution management system (EMS), to a consortium of investors, including Bank of America Merrill Lynch (BAML), Barclays, BNP Paribas, Citadel and Lightyear Capital. Even with the sale, Goldman will still…
Goldman to Offer TT Hosting to Futures Clients
Goldman Sachs has added TTNet, the hosting solution from Chicago-based Trading Technologies (TT), to its suite of futures trading systems offered to the firm's institutional clients.
E-Trading Corporate Bonds: Act Two?
In part one of his two-part feature on the electronic trading of corporate bonds, Jake Thomases traveled back in time to understand why an early explosion of credit trading platforms disappeared almost as soon as it arrived. In part two, he asks whether…
Three FCMs Join MarkitSERV Credit Centre
Citi, Bank of America Merrill Lynch (BAML) and Goldman Sachs have signed up to MarkitSERV Credit Centre, Markit's pre-trade credit-checking facility for over-the-counter (OTC) derivatives transactions.
Bloomberg Screws Up with Spying Scandal, But the End Ain't Near
Bloomberg has certainly suffered an embarrassing episode recently, but Anthony says no one should expect a sea change in the terminal market anytime soon.
Goldman Sachs Eyes Internal Messaging Services
After the discovery that Bloomberg's reporting staff were monitoring information from terminals—including JPMorgan's $6 billion “London Whale” trading debacle last year—Goldman Sachs is reportedly considering reduced reliance on the ubiquitous market…
Post ‘Hash Crash,’ Social Media Traders Experience Trust Issues
The financial markets are abuzz with the potential of social media as an input to trading decisions. But in the wake of the impact of recent Twitter hacks on the markets, should traders be more careful about the weight they assign “social” data sources?
Latency Hardware: Threading the Needle
From proprietary field-programmable gate arrays (FPGAs) to flexible kill switches, North American Trading Architecture Summit panelists say good strategy always fits the right hardware to purpose.
Buy Side Still Not Ready for June 10 Swaps Deadline
Apparently one set of guinea pigs wasn't enough. Even though Category 1 swap participants─swap dealers and the largest hedge funds─have been clearing most of their interest rate and credit default swaps since March 11, Category 2 participants─a group…
After Lsoc Implementation, Talk of Algo-Enabled Portability
The legally-segregated, operationally-comingled (Lsoc) paradigm is designed to bring greater protection to futures on a customer and ecosystem basis. Futures Commissions Merchants (FCMs) and clearinghouses are pondering a pair of technology issues as…
Omgeo Adds Three to Board
Edward Hazel, Richard Taggart, and Susan Cosgrove replace John Devine, Peter Johnston, and Donald Donahue, who are stepping down from the post-trade services provider's leadership.
Moscow Exchange Announces IPO
Moscow Exchange has announced the successful pricing of its initial public offering (IPO) in Moscow, which has been set at RUB 55 ($1.83) per share.
Identification Breakdown?
The structures and parameters for global implementation of a legal entity identifier are in place, but industry professionals are finding cracks in the registration process that undermine its accuracy. Michael Shashoua describes some of the issues now…
2012's Financial Crime Coups Raise Stakes, Anxiety
Global regulation was the year’s obsession, but criminal probes─from rate rigging to rogue trading; sanctions violations to insider bets─won the headlines in 2012. Not every financial crime has a ready tech fix, but with buy-side cornerstones like SAC…
FXall Adds Three Banks for Options Pricing
FXall, the Thomson Reuters-owned foreign exchange (FX) platform, has announced the addition of JPMorgan, Morgan Stanley and Goldman Sachs to its Multibank Options offering.
Tightening the Belt
It's not just people and processes, but everything else that costs money. Just ask the banks.
Strategic Grease
Speakers at an Inside Reference Data webcast on October 17 related progress in gaining acceptance for implementation of the legal entity identifier, writes Michael Shashoua
Building Blocks The Evolving State of Datacenters
While datacenters are an accepted part of the technology landscape, they’re remarkably inflexible and expensive by nature. But new technologies such as modular datacenters and financial extranets are beginning to uproot the traditional buy-and-build…
Legal Entity Identifier webcast: Implementation Challenges
During an Inside Reference Data webinar on October 17, industry experts discussed the latest developments in implementation of the legal entity identifier (LEI).