This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Goldman Sachs Electronic Trading Expands Algorithmic Offering In Brazil

Goldman Sachs Electronic Trading (GSET) announced today the expansion of its algorithmic suite in Brazil. The algorithm expansion is part of a larger, firm-wide focus on Brazil in response to growing demand from its institutional client base.

“Investor interest in Brazilian markets and the appetite for sophisticated trading tools has increased rapidly in recent years,” said Todd Lopez, managing director and co-head of Americas Sales, GSET. “With the addition of more opportunistic liquidity-seeking algorithms, we are helping our clients in Brazil get the execution quality they expect from Goldman Sachs.”

By tailoring the algorithmic offering to the intricacies of the unique Brazilian market structure, Goldman Sachs aims to give institutional clients better and smarter execution tools. Sonar™ is GSET’s global flagship liquidity-seeking algorithm, which attempts to strategically source liquidity while mitigating adverse selection. Additional algorithms available to Brazil clients include Scaling, which tracks a dynamic percentage of composite market volume based on changes in stock price, and GSET 1CLICK®, which provides a single point of access to a range of GSET strategies, streamlining the execution process.

”We have been building out our overall platform in Brazil for the last three years and our clients now have access to the full range of products available in other major market centers,” said Bruno Carvalho, managing director and head of Futures and Electronic Trading for Latin America, Goldman Sachs.

With the addition of these algorithms, GSET now offers a full suite of algorithms in Brazil, including VWAP, TWAP, Participate and Custom Navigator, which aim to reduce market impact, maximize execution quality and improve trading performance based on the specifics of each market. In addition to Brazil, GSET offers its algorithms globally across the United States, Canada, Latin America, Europe and Asia.

GSET’s algorithms in Brazil are offered through its affiliate broker, Goldman Sachs Do Brasil Corretora De Titulos E Valores Mobiliarios S/A.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs