Goldman offers 1Click algo access (Front Running for the Masses and made easy of course)

15 March, 2010 - 14:45

Goldman offers 1Click algo access

The iClick offer launches orders into the marketplace after the user selects a preferred trading strategy, ranging from "ultra passive" to "super aggressive."

Greg Tusar, managing director and co-head of GSET, says the inititiative was launched in response to trader demands for simpler workflows with intuitive and consistent order entry.

"A broad and flexible algorithmic offering is critical-however we've found that many clients struggle to manage multiple parameters and strategies across multiple products, markets and brokers," he says. "The streamlined Goldman Sachs algorithmic suite, combined with 1click and a new, globally consistent naming convention, minimises the complexity of order placement while still offering customisation of the underlying strategies.

Algorithmic access for Asia, Europe and the Americas is available through all major channels, says Tusar, including third-party order and execution management systems as well as Goldman's own REDIPlus execution management system.

http://www.finextra.com/news/fullstory.aspx?newsitemid=21186

More: http://www.google.com/#hl=en&q=iClick+goldman+algo&aq=f&aqi=&aql=&oq=&fp=a73b11f867dbecea

(to the masses, front running for everyone made easy)

Disruptions of speed or trade gaurantees of any kind "hold Goldman harmless" in any and all transactions...

Lag? or extra time taken by Goldman to "Front Run" any and all trades not disclosed.

Just an F.Y.I. on what the next round of pump and dump looks like... the sheep are being rounded up yet again.