Goldman Sachs Electronic Trading has expanded its global crossing capabilities with the launch of its non-displayed liquidity pool Sigma X in Hong Kong.
Goldman Sachs’s Sigma X comprised a host of liquidity participants, including hedge funds, institutions, and broker dealers, as well as franchise flow from Goldman Sachs’s trading desks.
Goldman Sachs has said that clients can access Sigma X Hong Kong through its REDIPlus EMS (execution management system), through third-party trading systems or via any system that supports FIX Protocol. Sigma X Hong Kong is a licensed alternative trading system and will allow trading for stocks listed on the Hong Kong Stock Exchange.
Gene Reilly, managing director and head of trading and execution for Goldman Sachs in Asia, said: The growth potential of Hong Kong’s market remains significant and we think alternative pools of liquidity will play an important role in its development going forward. Sigma X is an integral part of the global Goldman Sachs Electronic Trading strategy and this launch complements the liquidity aggregation efforts we have already made in the U.S., Europe and other parts of Asia.
