Goldman Sachs Taps High-Speed Data Feed

Terry Flanagan

Sigma X dark pool implements InRush low-latency ticker plant.

Market data access is emerging as a key issue for operators of alternative trading systems in an era dominated by high-frequency trading, algorithms and smart-order routers.

Goldman Sachs Electronic Trading (GSET) has implemented an ultra-low latency ticker plant for its Sigma X dark pool.

GSET is using Redline Trading Solutions InRush Accelerated Ticker plant as the National Best Bid and Offer (NBBO) data source for matching trades in Sigma X.

“GSET’s electronic trading platform is consistently evolving, and the addition of InRush is consistent with the theme of constant improvement by utilizing best of breed technology,” Adam Mazur, managing director and co-head of business development at Goldman Sachs Electronic Trading, told Markets Media.

GSET’s Sigma X is operated by Goldman Sachs Execution & Clearing, a U.S.-registered broker-dealer.

Redline’s InRush NBBO is a solution for calculating the NBBO for the U.S. equities market.  It reduces delays by calculating the NBBO from direct connections to the major exchanges in a single-server trading platform. “It enables us to calculate an NBBO from direct quote feeds rather the using the SIP,” said Mazur.

The solution eliminates the need for multiple levels of data redistribution while calculating the NBBO in as little as five microseconds.
“Redline accelerates NBBO delivery for our customers and significantly reduces our hardware requirement,” said Mazur.

InRush will enable GSET to provide cutting-edge market data consolidation for its client base through Sigma X, said Mark Skalabrin, CEO of Redline Trading Solutions. “InRush provides enterprise class features with the lowest latency, most deterministic response times in the industry,” Skalabrin said. “Use of InRush also dramatically reduces server footprint driving significant operational and capital savings.”

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