Goldman to spin out REDI Technologies


News hitting the wires today here and here that Goldman are seeking outside investors for their highly successful REDI Technologies trading service business (worth watching great video coverage by Rishi Nangalia)

This move repositions REDI from being a stand alone Goldman EMS, to being a full-blown multi-broker, multi-asset EMS offering. Competing with the likes of ITG and Convergex, in response to increased client demand for multi-broker EMS/OMS offerings.

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