[ A L G O R I T H M I C
T R A D I N G
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Goldman Sachs
G
Clients managing over US$50 billion in assets represent
oldman Sachs Group Inc. (Goldman Sachs) is a
35% of respondents doing business with Goldman Sachs
leading global investment banking, securities, and
in 2020. Sixty-one percent of firms looking to the company
investment management firm headquartered in New York.
for trading expertise indicate they trade at least half of
Goldman Sachs Electronic Trading (GSET) offers a suite
their portfolio value algorithmically. Comparing this year’s
of algorithms, including liquidity-seeking, benchmark-
rankings with those of 2019 shows improvements
matching, and dynamic volume participation, as
across all categories. Participants rank Goldman
well as a smart order router. Goldman Sachs
Sachs third in terms of speed, an increase of
offers clients access to a suite of global liquidity
Average
0.42 in that category. The company has an
pools, such as SIGMA-X, which is enhanced
Score
average score of 5.70, which ranks eighth
by its algo execution capabilities.
among peers, increasing 0.35 over the past 12
Goldman Sachs attracts the third most
months.
long-only fund responses (36) in the survey.
5.70
GOLDMAN SACHS RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader
productivity Reduced market
impact Execution
consistency Cost Speed Anonymity Price Improvement Customisation
5.75 5.41 5.82 5.95 5.91 5.50 5.29 5.42
Ease of use Data on venue/order routing
logic or analysis Customer
support Execution
consulting Dark pool
access Flexibility and sophistication of
smart order routing Algo monitoring
capabilities
5.88 5.72 5.74 5.57 5.76 5.91 5.82
KEY STATS
5.95 5.29 0.96 -0.06
Highest score
(cost) Lowest score
(price
improvment) Most improved
(algo monitoring
capabilities) Least improved
(data on venue/
order routing)
86 // TheTRADE // Spring 2020