Goldman goes for desktop domination

Goldman Sachs is struggling to reassure other brokers that they have nothing to fear from its plans to turn proprietary platform RediPlus into a multi-broker trading system. Rivals see contradictions, a grab for profits, and a desire to dominate equities trading. Antony Currie reports.

GOLDMAN SACHS IS out to dominate equities trading. It doesn’t just want to be the largest player in the market, it wants to be the market. That’s what an increasing number of equities trading players are saying, be they brokers, investors or independent software and systems providers.

Goldman’s weapon of choice for doing this is RediPlus, the  proprietary front-end desktop trading system it inherited when it bought Spear Leeds Kellogg in 2000.

RediPlus provides clients with direct access to the major exchanges and liquidity destinations, such as ECNs (electronic communication networks), in Europe and the US for equities, options and futures.

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