Goldman Sachs begins trading its first ever Ethereum derivatives products
The move follows the bank’s first trade of over-the-counter Bitcoin options nearly 16 months ago.
The move follows the bank’s first trade of over-the-counter Bitcoin options nearly 16 months ago.
Venue will launch for loans first, with a collateralised loan obligations (CLO) trading venue to follow and with plans to expand to other products in the credit market later.
The move is designed to help the Dutch asset manager optimise on its best execution obligations.
The Series A funding round comes as institutional appetite for digital assets continues to grow.
Revenues at Goldman Sachs, Morgan Stanley, and Citi soared on the back of gains made in trading, lending and ongoing market volatility.
The €1.7 billion acquisition will increase Goldman Sachs’ assets under supervision to approximately $2.8 trillion.
Crypto firm is looking to expand its real-time clearing and settlement service for crypto and digital assets.
Service is supported by Goldman Sachs intermediation desks, through which clients can launch or respond to request-for-quotes.
Players including Goldman Sachs, JP Morgan, Citi and BlackRock have reportedly lost billions in exposure as the Russian market continues to slide.
Incoming CIO will succeed Nick Themelis who will retire from MarketAxess after serving in the position for the past 16 years.