Goldman Sachs rolls out algo analytics on Bloomberg

Goldman Sachs’ Marquee Trader is now also available on Bloomberg, enabling clients to track their FX algo performance in real time. The TCA solution, which was launched last year on the bank’s single dealer platform, hosts and embeds the pretrade and real time algo analytics within the multi-dealer algo ticket.

Goldman Sachs rolls out algo analytics on Bloomberg
Ralf Donner

Goldman Sachs’ Marquee Trader is now also available on Bloomberg, enabling clients to track their FX algo performance in real time. The TCA solution, which was launched last year on the bank’s single dealer platform, hosts and embeds the pre-trade and real time algo analytics within the multi-dealer algo ticket. “Because of the complexity of FX algo products, there’s been a lot of demand from clients to have tools in all three of those buckets: pre-, intra- and post-trade. We also realised that some clients need to execute their algos on a multi-dealer platform”,  says Ralf Donner, Executive Director, Securities Division at Goldman Sachs. The bank has also launched ‘knock-in’ and ‘knock-out’ features for its algos, enabling greater control over take-profits style algo execution by allowing clients to select the range of levels at which they are prepared to execute. This enables the entire algo suite to be to be traded as stop loss algos as well. “It’s possible to fine tune those take-profit and stop loss execution levels with FX algos for the very first time with this new feature. This is just part of what we are planning to roll out this year to make algos more interesting and relevant to options traders,” Donner adds.