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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: