Goldman turns attention to high speed trading again

Michael Lewis - Flash Boys

Goldman Sachs, which called for reform of high-speed stock trading before Michael Lewis’s 'Flash Boys' spurred an outcry last year, is diving back in.

Bloomberg News reports that the bank’s electronic equity-execution unit is hiring executives including Keith Casuccio from Morgan Stanley and investing in software, trading infrastructure and its dark pool, according to people with knowledge of the plan.

Goldman Sachs emerged last year as an early supporter of the U.S. stock platform created by IEX Group, portrayed in Lewis’s book as an antidote to the perceived ills of the super-fast, multi-venue electronic trading in today’s market. Now, after few major changes in the way stocks are traded, the investment bank is seeking to execute faster, catching up with competitors and levelling the playing field for its clients.

To access the complete Bloomberg News article hit the link below:

Goldman Gets Serious About High-Speed Trading

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