11.20.2017

Goldman, Bloomberg Tradebook Ally on Execution

11.20.2017

The Goldman Sachs Group has entered an exclusive arrangement with Bloomberg Tradebook under which Goldman Sachs will offer equities execution services to Bloomberg Tradebook’s customers while Bloomberg Tradebook will continue to provide analytics, technology, and support to its buy-side customers.

This strategic arrangement leverages the strengths of both organizations. Customers will retain the convenience of entering orders directly from the Bloomberg Terminal, and access to Bloomberg data, analytics, and technology. Bloomberg Tradebook customers will have access to Goldman Sachs’ world-class execution platform, robust liquidity offering, and breadth of global services. A continued investment in technology and data science, combined with the global and multi-asset scale of the franchise uniquely positions Goldman Sachs as a leading market center for liquidity and best execution.

“Our firms share the common principle that superior execution quality is increasingly driven by investing in best-in-class technologies,” said Raj Mahajan, global co-head of Securities Systematic Solutions, Goldman Sachs. “We are pleased to build upon our relationship with Bloomberg to now offer our service to Tradebook clients. We are confident that Bloomberg’s expertise in technology, and analytics, combined with Goldman Sachs’ vast execution capabilities, liquidity offerings and ability to respond to the changing global execution landscape will result in a superior user experience.”

“Goldman Sachs is known as a world-class broker. The benefits to our clients are clear: we continue to innovate in technology, analytics and distribution, and maintain excellent customer service with an alliance that complements the strengths of both firms,” said Tom Kingsley, CEO and President of Bloomberg Tradebook LLC.

Goldman Sachs is committed to offering a seamless transition for Bloomberg Tradebook clients, many of whom already have a relationship with Goldman Sachs.

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