03 August 2015

Goldman offers auto-hedging for algorithmic options trading

24 June 2011  |  4909 views  |  0 Source: Goldman Sachs

Goldman Sachs Electronic Trading (GSET) announced today its new automated Delta Hedging functionality which enables automatic hedging with the underlying equity for all US options algorithmic strategies.

"GSET is continuously looking for innovative solutions to offer our clients best of breed services across asset classes," said Greg Tusar, managing director and co-head of Goldman Sachs Electronic Trading. "This new hedging functionality is one of our many cross-product algorithmic solutions that help tie together our services into a single solution for the end client."

GSET's Delta Hedging feature provides clients with the ability to automatically hedge their US-listed options smart order types based on the delta at the time the parent order is entered. The Delta Hedging mechanism leverages GSET's advanced equity smart order router and its crossing network, SIGMA X™, to assist in sourcing available liquidity when hedging.

"This new functionality enhances our entire suite of options algorithms which affords our clients the ability to automate the processes involved in delta hedging while simultaneously ensuring real-time hedging against their options orders," said Vishal K. Gupta, vice president and head of US-listed options business development, Goldman Sachs Electronic Trading. "With this evolution of our product, GSET continues to be a leader in the US-listed options electronic trading space."

GSET's Delta Hedging offering is available for clients of Goldman Sachs Execution & Clearing, L.P.

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