Source: Goldman Sachs
Goldman Sachs announced today that Société Générale Corporate & Investment Banking is now accessible through its multi-broker EMS, REDIPlus.
This adds to the recently announced group of nine brokers, including ABN Amro, Barclays Capital, Bear Stearns, BNP Paribas, CA Cheuvreux, DnB NOR, Dresdner Kleinwort,
Handelsbanken Capital Markets and ING. This announcement further reinforces the commitment brokers are making to ensure they are accessible to their clients through additional electronic trading channels. REDIPlus' large number of users, combined with its sophisticated trading tools and smart order routing technology, make it an attractive distribution platform for rival brokers.
When asked about Société Générale's rationale for joining this multi-broker network, Richard Hills, Global Head of Electronic Services explained "Société Générale is a recognised world leader in quantitative trading techniques and we aim to have our tools available on all the major desktops available to our clients. REDIPlus is an obvious platform for us to partner with in meeting this objective."
Goldman Sachs says it plans to announce the addition of more brokers later in the year.