The newly added Canadian algorithmic strategies to GSET include Sonar, Sonar Dark, Stealth and 1click.
According to the GSET, the Sonar algorithmic strategy aggregates liquidity across multiple public and dark venues while mitigating adverse executions. Sonar Dark aggregates liquidity across multiple dark and grey venues while mitigating adverse executions.
Stealth algorithmic allows traders to capture all displayed and dark liquidity up to the order’s limit price without posting to public markets. 1click strategy offers a single point of access to the range of Goldman Sachs algorithmic strategies. 1CLICK launches orders into the marketplace after the user selects a preferred trading strategy.
GSET said that the enhanced algorithmic suite, combined with real-time FX integration for cross border smart routing of dually listed names, FX exposure management, and single currency settlement, allows traders to maximize liquidity reach while controlling the footprint of orders in the marketplace.
GSET vice president Adam Striffler said clients utilizing strategies across the North America markets will benefit from a consistent set of order parameters and interface.
