Robeco to access Goldman Sachs pre-trade cluster analytics via FlexTrade EMS

The move is designed to help the Dutch asset manager optimise on its best execution obligations.

Dutch asset manager Robeco has gone live using a FlexTrade execution management system to access pre-trade analytics from Goldman Sachs.

Included in the integration is Goldman’s equity cluster data set which classifies each stock according to its individual microstructure characteristics and summarises its intraday behaviour.

The move is intended to allow traders to embed the analytics within their order blotters in a bid to help adjust trading strategies to optimise on best execution obligations. Traders can also set parameters using the analytics to automate workflows.

“We continually look to streamline and augment our trading team’s workflows with the highest quality data and analytics to improve overall trading performance for our clients,” said Bastiaan Berendsen, senior equity trader at Robeco.

“Leveraging Goldman Sachs pre-trade Equity Data Clusters within FlexTRADER EMS delivers the actionable intelligence our traders need to achieve this and enables us to automate our workflows further to improve efficiency and focus on high-touch orders.”

Robeco is the second major buy-side firm to implement the FlexTRADER EMS in the last six months after T. Rowe Price also implemented it in December to support its institutional fixed income business.

“Embedding GS IP directly into traders’ workflow is a significant step in improving efficiency and further informing their process. The continuous evolution of global equity markets renders staying abreast of trading behaviour characteristics a daunting task,” said Romanos Piperakis, global head of electronic trading execution research at Goldman Sachs.

“Our clustering framework, alongside next-generation impact modelling, brings rigorous modelling techniques to traders’ decision-making. Notably, the integration with FlexTrade allows a direct, implementable translation of said techniques to actionable outcomes.”