Goldman Sachs Electronic Trading (GSET) has released a new version of REDIPlus, its execution management system (EMS). The platform allows clients to trade equities, options, futures, foreign exchange and synthetics from a single application.
One of the main features of the new version – 8.0 – is that clients will be able to view the REDIPlus front-end in Chinese, Japanese or Korean, with more languages to follow.
Options clients will be able to trade Mexican equities electronically and in Korean Kospi 200 index contracts. GSET’s algorithmic offering has also been extended to the Hong Kong, Singapore and Sydney futures exchanges.
In addition, REDIPlus users will and have access to several new Canadian marketplaces, including,
Pure and Omega. They will also be able to use Goldman Sachs’ Canadian SIGMA smart order routing for equities that are listed on both Canadian and US exchanges. This will provide opportunities for cross-border best-execution and single-currency settlement. With these enhancements, GSET will now be offering electronic access to nearly 100 exchanges and liquidity providers globally.
Clients can use REDIPlus to access Goldman Sachs algorithmic strategies, the SIGMA smart order router and the SIGMA X crossing network in the US, Canada, Europe and Asia.
“In addition to focusing on cross-asset, and cross-border capabilities, we are also continuing to build on core functionality including stability, speed and capacity,” said Rishi Nangalia, head of global business development for GSET, in a statement.