Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

Traders Poll

Are you in favor of a pilot program and examination of the rebate system by the SEC?




Free Site Registration

September 2, 2013

Goldman Sachs Top Clearing Provider Last Year

By Gregory Bresiger

Goldman Sachs, through its GSET global execution platform, was the top sellside clearing provider in 2012, according to WatersTechnology ratings. J.P. Morgan came in second.

Goldman Sachs' platform can clear 3 million trades a day, WatersTechnology said. It also said that one reason that Goldman remains top dog in sellside clearing is its versatility.

Its clearing platform, WatersTechnology said, is able to cross asset classes. The platform also, WatersTechnology added, is able to offer a wealth of trading services.

These include direct market access, algorithmic trading strategies and smart order routing, among others, said WatersTechnology.

It provides financial technology information to the securities industry.

 

(c) 2013 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/