Goldman Sachs Electronic Trading (GSET) announced the launch of GSET 1CLICK for US listed options as part of a larger initiative to improve ease –of-use and create global consistency across its multi-asset offering of algorithms.
1ClICK for options expands upon the success of the equities 1CLICK algorithm by providing a single point of access to the range of Goldman Sachs’s strategies.
Like its equities counterpart, 1CLICK’s strategies is designed to provide the trader with a simple and intuitive options algorithmic order-entry mechanism.
“Traders who execute in the US listed options market have been slow to execute using traditional algorithms, largely relying on pure smart routers and sweeping mechanisms,” commented Greg Tusar, managing director and co-head of GSET, in the release. “Our clients are increasingly seeking sophisticated execution strategies to help them find liquidity and price improvement, all while maintaining simpler workflows.”
The launch of 1CLICK headlines a global initiative to streamline electronic offerings across multiple asset classes and regions, the company said. GSET clients are able to access algorithms through all major channels, including third-party order and execution management systems as well as REDIPlus , GSET’s execution management system.
“We’ve found that many clients are looking for easier ways to manage the various parameters and strategies associated with multiple products, exchanges and execution platforms,” stated Vishal K. Gupta, VP and Head of US listed options business development, Goldman Sachs Electronic Trading. “GSET 1CLICK minimizes the complexity of order placement while still offering customization of the underlying strategies.”
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio