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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.
