Goldman appoints Shakhnovich to lead trading units

Goldman Sachs Blink

Goldman Sachs has named Konstantin Shakhnovich to lead an effort to combine automated trading operations from different units and desks as the firm looks to improve coordination and efficiency.

Bloomberg News reports that as global head of fixed-income electronic trading and execution strategists, Shakhnovich will oversee the initiative dubbed Systematic Market Making, reporting to Chief Information Officer Marty Chavez and the fixed-income division’s business heads, according to a memo obtained by Bloomberg.

'SMM will consolidate and expand our electronic market making and algorithmic execution', Chavez and the New York-based bank’s leaders of sales and trading - Isabelle Ealet, Pablo Salame and Ashok Varadhan - wrote in the memo. The effort also will help to further automate pricing and risk management, they said.

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

Goldman Names Shakhnovich to Merge Automated Trading Operations

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