Goldman Sachs adds nine brokers to Rediplus network in Europe
09 July 2007 | 2769 views | 0
Source: Goldman Sachs
ABN Amro, Barclays Capital, Bear Stearns, BNP Paribas, CA Cheuvreux, DnB NOR, Dresdner Kleinwort, Handelsbanken Capital Markets and ING are now accessible through Goldman Sachs' REDIPlus multi-broker network.
Buy-side clients will now be able to send orders to the algorithms and/or trading desks of these brokers directly from their REDIPlus order entry window. The addition of these brokers represents the increasing importance the banks are placing on making their products available via multiple channels, in order to facilitate client access. They also reiterate Goldman Sachs' recent announcement on opening up REDIPlus to include the algorithms of other brokers.
When asked about the rationale for these additions, Damian Bunce, Head of Execution Sales in Europe for Goldman Sachs, explained: "Having these brokers accessible on our platform will offer significant benefits to our mutual clients, by significantly increasing the efficiency with which they can access their trading destinations."
Goldman Sachs expects to announce that additional brokers will be added to its multi-broker network over the coming weeks.