Goldman offers multi-asset spread trading via RediPlus

Source: Goldman Sachs

Goldman Sachs Electronic Trading (GSET) announced today a new spread trading application for futures and US Treasury bonds. The new functionality, called REDI MAST™ provides fully customizable spread creation and trading from REDIPlus®. REDIPlus is GSET's multi-asset class Execution Management System (EMS) that offers access to equities, futures, options, foreign exchange and cash bonds.

"REDI MAST is our enhanced inter-product spread trading tool that enables our clients to trade futures and fixed income products more efficiently," said Jack McCabe, Managing Director, Co-head of Futures and Electronic Trading, Goldman Sachs. "It's built with the functionality needed to manage spread trades across regions and asset classes, while mitigating risk and market impact."

Common strategies include basis trades, curve trades, butterflies and ratio spreads tailored specifically to commodity and financial futures. REDI MAST has several built-in controls that allow clients to customize the behavior of the spread -- such as risk controls and order placement logic -- depending on their risk appetite.

Clients based in the U.S. and Europe can access multiple futures exchanges across regions, including CME, ICE, EUREX, and LIFFE. All futures product classes (rates, currencies, equity indices, and commodities) are supported by REDI MAST. For US Treasury bonds, REDI MAST offers direct access to Goldman Sachs liquidity.

REDI MAST is geared toward the active spread trader. Users can easily create custom spreads offering efficient order entry, risk controls and position management through a flexible interface.

"Enhanced execution tools, access to liquidity and straight through processing are critical items that clients demand in this evolving marketplace," said Isaac Chang, Managing Director and Head of Electronic Trading for Interest Rate products. "REDI MAST offers clients another channel through which they can execute efficiently and confidently." Clients may also utilize FIX connectivity to integrate REDI MAST executions with their internal order management systems for enhanced operational processing.

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