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“ It ’ s about the increased use of alpha trading signals and reducing market impact by leveraging the raw processing power and speed of our atlas platform .”
DAVID CORNISH , MD , CO-HEAD OF EMEA ELECTRONIC TRADING , HEAD OF EMEA QUANTITATIVE SERVICES DISTRIBUTION , GOLDMAN SACHS
For example , with the continued focus on short duration strategies , the team recently rolled out a new short duration algorithm , named AXIS , based on the new Atlas platform .
“ Clients have been asking how they can execute in a tightly defined duration passively ,” Cornish explains . “ AXIS is a new signal-driven strategy optimised for that short time horizon , which is really interesting to quants , as well as a host of other client types . It is all about the increased use of alpha trading signals and reducing signalling and market impact by leveraging the raw processing power and speed of our Atlas platform .”
While there has been a clear move by GSET to maximise the opportunity laid out by the global developments this year , the recent growth in market share and increasing engagement with asset managers and quantitative clients has , in many ways , been years in the making .
Mallinson , Cornish , and Harman are confident they have made serious headway in the resurgence of GSET , and interestingly , the current operating environment certainly lends itself to further consolidation and further market share gains in the near future .
“ I don ’ t think I ’ ve ever seen an opportunity as good as this for running an execution platform – it ’ s hugely exciting ,” Mallinson concludes . “ We are achieving market shares that we could only have dreamt of in recent years and I see no reason why that can ’ t be replicated across our entire client base .”
42 // TheTRADE // Fall 2020