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Futures Functionality

REDIPlus provides connectivity to all major U.S., European and Asian futures exchanges, access to GSAT Futures algorithms, and easy-to-use, customizable trade entry and management windows.

Summary of New Features

• Options on Futures: Our new version release advances our offering for Options on Futures, expanding our destinations to CBOT, LIFFE, and EUREX in addition to the CME
• Bloomberg Symbology: Customers can now enter contracts using Bloomberg symbology on their quote monitor
• Pairs Trading (Spread Trader): Offers our customer the ability to trade inter- and intra- exchange pairs across product classes
• Updated Allocation Template: The display of accounts has been widened to show the full name/number, and lengthen the display so that the user can see more accounts at one time

Liquidity Map

• Vertical depth of market designed to simplify trade entry, with a heat map that displays volume by tick graphically, differentiating between the most recent (past 5 minutes) and all day trading volume
• QuickTrade allows for one-click trading
• Customizable buttons indicate spread direction

Strategies

• Trade NYMEX inter commodity spreads
• Trade CME Eurodollar packs and bundles as well as exchange-listed calendar spreads on most major futures exchanges in the US & Europe

Connectivity

Europe                                       US                   Asia         Canada
Eurex                                          CME                TFX           MFE
LIFFE                                          CBOT             OSE
Euronext Paris                          CFE                TSE
Euronext Lisbon                       NYMEX           SFE 
Euronext Amsterdam              COMEX           SGX
Euronext Brussels                   NYBOT           HKFE
ICE                                              MGEX      
LME (minis only)                      KCBOT
EDX 
MEFF
OTOB
OMLX
IDEM
LME (minis)   

GSAT Algorithms

• Time Slice – works an order over time according to user-defined or auto-calculated tranche, time, and reprice parameters
• Pulse – executes an order discreetly by sending smaller increments to the market
• Time Activation – sends an order to the market at a specific time
• Auto Cancel – sets a specific time to automatically pull a working order from the market
• VWAP – minimizes shortfall relative to the VWAP price benchmark
• TWAP – spreads executions evenly over a user defined period of time
• Simulated Stop/Stop-Limit - allows Stop and Stop-Limit orders to be placed on exchanges that do not natively support these order types
• Enhanced Time Slice - adds an Auto-Reprice feature that allows the algorithm to follow the bid-offer spread and periodically re-price the order hoping to capture part of the spread
• MIT (Market-If-Touched) - An MIT order to buy becomes a market order if and when the instrument trades, or is offered, at the specified price or lower. An MIT order to sell becomes a market order if and when the instrument trades, or is bid, at the specified price or higher
• OCOStopLoss - a simulated order type that allows an initial limit order with a stop price that converts the limit order to a market order once the stop price level is reached
• Tick - allows a trader to use price discretion based on customized parameters
• Participate - attempts to participate in the market at a configurable target participation rate (as a percentage of executed volume in the market)

Click here to download Goldman Sachs Futures Functionality PDF

© 2007, The Goldman Sachs Group, Inc. All rights reserved.