Goldman Sachs Electronic Trading Releases Rediplus Version 8.0

3  from  Automated Trader Magazine

April 22nd, 2008 - Goldman Sachs Electronic Trading (GSET) announced today the release of the latest version of REDIPlus, Goldman Sachs’ proprietary, award-winning execution management system. The release of v 8.0 marks the first of several major releases scheduled for 2008, and will provide clients with substantial product and performance enhancements.

"This release further solidifies our strategy to be a truly global and multi-asset platform—both in terms of reach as well as richness of functionality,” said Rishi Nangalia, head of global business development for GSET. “In addition to focusing on cross-asset, cross-border capabilities, we continue to build on core functionality including stability, speed and capacity; while improving the client experience.”

Clients who wish to use the REDIPlus front-end in a foreign language will now be able to view their workspace in Chinese, Japanese or Korean, with more languages to follow. Options clients will now be able to trade Korean Kospi 200 Index contracts. Additionally, Goldman Sachs algorithmic offering has expanded to the Hong Kong Futures Exchange, Singapore (Futures) Exchange and Sydney Futures Exchange.

REDIPlus users will now be able to trade Mexican equities electronically and will have access to several new Canadian marketplaces, including Pure and Omega. In addition to new Canadian access, clients can also benefit from Canadian SIGMA smart routing for equities that are listed on both a Canadian Exchange and a U.S. exchange, providing opportunities for cross-border best-execution and single-currency settlement. With these new enhancements, GSET will now be offering electronic access to nearly 100 exchanges and liquidity providers globally.

The REDIPlus front-end has been completely redesigned to be more ergonomically-friendly, flexible and modern with the creation of two distinct looks -- "Titanium" and "Carbon"