Goldman Sachs Builds Platform For The Firm, No Traders

THIS WEEK'S LEAD STORIES

The day may be coming when every trader has a Unix workstation on his desk, but it's not coming soon at Goldman, Sachs & Co.

Goldman has a group of 22 people using Sun workstations and plans to install 2,500 microcomputers by December, says Malcolm Draper, vice president of information systems.

"We started out with the notion that PCs would be good for secretaries, administrators and maybe salespeople and that we would need Suns for the traders," Draper says, "but we found the traders didn't need

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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