Goldman Sachs to Launch FX Algos

"We're actively going out to the FX space right now," says Peter Sheridan, head of Goldman Sachs algorithmic trading in Europe. The firm has a sales force in place to sell FX, he adds.

Enhancements to the portfolio trading algorithms are part of Goldman's strategies for next year, says Sheridan. "We're continually seeing interest in algorithmic trading from quantitative hedge funds and they are typically looking for portfolio-based strategies," he says.

Goldman Sachs also plans to market and

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