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Goldman Sachs Taps Redline Trading's Inrush Ticker Plant

GSET will use Redline's ticker plant for delivering the NBBO data source for matching trades in its dark pool Sigma X.

Goldman Sachs Electronic Trading selected Redline Trading’s InRush Accelerated Ticker Plant as the national best did and offer (NBBO) data source for matching trades in the firm’s liquidity pool, SigmaX.

“Redline accelerates NBBO delivery for our customers and significantly reduces our hardware requirement,” comments Adam Mazur, managing director and co-head of business development,GSET. “The addition of Redline’s performance and functionality is a continuation of GSET’s drive to deliver trading platforms of the highest quality.”

Redline’s InRush NBBO is a high-speed solution for calculating the NBBO for the U.S. equities market. According to the release, InRush NBBO reduces delays by calculating the NBBO from direct connections to the major exchanges in a single-server trading platform. The solution eliminates the need for multiple levels of data redistribution while calculating the NBBO in as little as five microseconds. “

“We’re pleased to be working with Goldman Sachs Electronic Trading to provide cutting-edge market data consolidation for their client base through SIGMA X,” said Mark Skalabrin, CEO at Redline Trading Solutions. “With InRush, GSET clients benefit from receiving an ultra-low latency NBBO-calculation for every symbol on the wire.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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