Free Site Registration

More on Goldman's Revamping

Traders Magazine, November 2005

Nina Mehta

Goldman Sachs reorganized its equity trading operations. The broker recently made two significant changes to the way it conducts its business: it moved its proprietary desk and vested its sales traders with more responsibility. Duncan Niederaur, a Goldman exec, said at the recent ICI confab that the firm recently segregated what he described as its internal hedge fund from its institutional trading business. The decision stemmed from buyside concerns about potential conflicts of interest with the firm's prop trading business. The firm also overhauled the role of its sales traders. That ensured that the person closest to the buyside trader was most responsible for how a trade is executed, Niederaur said.

(c) 2005 Traders Magazine and SourceMedia, Inc. All Rights Reserved. http://www.tradersmagazine.com http://www.sourcemedia.com

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?