The TRADE 63 - Q1 2020 | Page 86

[ A L G O R I T H M I C T R A D I N G S U R V E Y ] 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