13 February 2016

Redline delivers NBBO for Goldman Sachs Sigma X

19 September 2011  |  2609 views  |  0 Source: Redline Trading Solutions

Redline Trading Solutions, a leading provider of ultra-low latency trading solutions, announced that its InRush Accelerated Ticker Plant was selected as the National Best Bid and Offer (NBBO) data source for matching trades in Goldman Sachs Electronic Trading's (GSET) liquidity pool, Sigma X.

"We're pleased to be working with Goldman Sachs Electronic Trading to provide cutting-edge market data consolidation for their client base through SIGMA X," said Mark Skalabrin, chief executive officer, Redline Trading Solutions. "With InRush, GSET clients benefit from receiving an ultra-low latency NBBO-calculation for every symbol on the wire."

Redline's InRush NBBO is a highly-efficient solution for calculating the NBBO for the U.S. equities market. InRush NBBO reduces delays by calculating the NBBO from direct connections to the major exchanges in a single-server trading platform. The solution eliminates the need for multiple levels of data redistribution while calculating the NBBO in as little as five microseconds.

"Redline accelerates NBBO delivery for our customers and significantly reduces our hardware requirement," said Adam Mazur, managing director and co-head of business development, Goldman Sachs Electronic Trading. "The addition of Redline's performance and functionality is a continuation of GSET's drive to deliver trading platforms of the highest quality."

GSET's SIGMA X is operated by Goldman Sachs Execution & Clearing, L.P., a U.S.-registered broker-dealer. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Related company information

Goldman Sachs

Top topics

Most viewed Most shared
UK sets out open banking API frameworkUK sets out open banking API framework
15645 views comments | 100 tweets | 89 linkedin
Deutsche Bank calls for co-operation with fintech firms on B2B servicesDeutsche Bank calls for co-operation with...
8594 views comments | 28 tweets | 30 linkedin
How to accelerate your fintech startupHow to accelerate your fintech startup
8130 views comments | 34 tweets | 9 linkedin
Is Paym a failure?Is Paym a failure?
6920 views 16 comments | 23 tweets | 16 linkedin
Visa issues API to offer consumer control over card transactionsVisa issues API to offer consumer control...
6362 views comments | 17 tweets | 28 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job