David Solomon, CEO of Goldman Sachs, says zero commission trading for institutional investors is unlikely, but acknowledged pressures on commission rates.
Tag: Goldman Sachs
Buy-side traders still want to be able to stop algos and take control for themselves in-flight, but data challenges remain for those seeking a low-touch route.
Panel of major banks at TradeTech FX agree the sell-side have changed the mentality around new product development, as the buy-side seeks increased automation and integration.
The deal is a major coup for Trading Technologies, which has invested heavily in expanding its offerings in recent years.
Tradefeedr, founded by former hedge fund managers, has launched its data analytics platform with Goldman Sachs, UBS and XTX Markets.
QuantHouse has expanded its API Ecosystem with market data from the Goldman Sachs SIGMA X MTF, including indicative auction quotes.
After 19 years, Goldman Sachs veteran Martin Chavez will retire at the end of the year.
Henry Howell has been with Goldman Sachs for 16 years, but has departed for a business development role at London-based hedge fund Eisler Capital.
Goldman Sachs European equity trading head says the bank will adopt AI models more broadly across its equities trading division following investment.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.