Derivix: Selected As Options Analytics Provider For
Goldman Sachs Electronic Trading
Driven by client demand for speed, accuracy and institutional strength options analytics, Derivix has been selected as the exclusive provider for advanced real-time options analytics and pricing within the Goldman Sachs Electronic Trading (GSET) Signature Program. The GSET Signature Program’s mission is to find market-leading solutions that enhance the trade workflow throughout the execution and clearing process, enabling seamless, integrated access uniquely adapted to meet client needs. As a Signature Partner within the program, Derivix’s options analytics and advanced options trading capabilities are seamlessly integrated into REDIPlus®. Through this integrated offering, REDIPlus clients benefit from Derivix’s sleek and advanced analytics front-end, while Derivix clients benefit from GSET’s advanced options algorithmic offerings and the superior breadth of the REDIPlus platform.
According to TABB Group1, by 2010, two-thirds of all buy-side options trading will be conducted electronically. In order to thrive in this increasingly electronic marketplace, traders need a robust solution for real-time analytics and market visualization, especially in response to challenges such as ever-expanding data and trading volumes, market fragmentation, tighter spreads and going head-to-head with increasingly prevalent algorithmic trading systems. The combination of Derivix’s world-class analytics and trading platform with REDIPlus’ cutting-edge options algorithms and execution give modern-day options traders all the technological power they need to maintain their edge no matter what challenges they might face during the electronic trading revolution.
Goldman Sachs selected Derivix based on its next-generation functionality, breadth of offering, timely enhancements, and extraordinary ease of use. The Derivix team listens tirelessly to the demands and visions of the leading traders in today’s options markets in order to provide the analytic tools necessary for success in tomorrow’s increasingly complex marketplace.
Client Benefits—Quick, Easy and Accurate
Clients can send trades directly into the REDIPlus system through the fast and flexible Derivix analytics front-end. Streamlined trading and real-time position integration makes Derivix a seamless extension of the REDIPlus environment. Clients can use the REDIPlus suite of electronic options trading algorithms directly from Derivix’s advanced options trade ticket, providing spread trade, combination trade, hedging and real-time pre-trade risk visualization right within the ticket itself. REDIPlus users enjoy the exceptional edge and accuracy of the Derivix Volatility Time pricing model, especially during earnings and expiration week, as well as Derivix’s lightning-fast pricing, risk simulations, and pre-trade analytics.
How it Works
Derivix offers options execution and real-time position integration seamlessly through a direct connection to REDIPlus. Clients send trades directly into the REDIPlus system and monitor the risk effects of their executions within Derivix in real-time. Integration between the systems is effortless – a brief installation is all that is needed to enable the full range of integrated capabilities.
Goldman Sachs Execution & Clearing, L.P. is not affiliated with Derivix Corp. or any of its subsidiaries or affiliates.
1 Equity Options Trading 2008: Rising out of Obscurity, February 2008.
