Goldman Sachs sees rapid adoption of SIGMA X Hong Kong

"Goldman Sachs sees rapid adoption of SIGMA X Hong Kong | AboutHK.Com - more information about HK"

Goldman Sachs Electronic Trading (GSET) reported that investors in Hong Kong-listed securities are turning to alternative liquidity pools faster than other markets, according to the data after the start of SIGMA X in the region recently. The average daily trading volume by value SIGMA X, Hong Kong has a 12-fold increase over the past two months, on the first of SIGMA X growth in other markets, including Japan, after the release of the company. "The fast adoption of SIGMA X in Hong Kong demonstrates the market's sophistication and investors' strong appetite for alternative trading systems," said Shuya Kekke, Managing Director and Head of GSET Asia. In the message, said the company Kekke see the diversity not only the types of customers to participate, but also in the way they interact with SIGMA X. "Customers are increasingly liquidity directly to the SIGMA X-order book and with a high cross-rates with other participants," explains Kekke in the release. Participants in Goldman Sachs' SIGMA X, cover a wide range of liquidity providers, including hedge funds, institutions, brokers and traders as well as franchise-flow from the Goldman Sachs' trading desks. SIGMA X is the largest non-displayed liquidity pool in the U.S. of shares traded daily, according to Rosenblatt Securities, April 2009 report, after its average daily volume of 10-fold in the last two years and involved more than 300 million shares per day with a nominal value of over $ 5 billion U.S. Dollar. SIGMA X, Hong Kong, in March 2009, is a fully licensed and enables ATS to trade shares on the Hong Kong Stock Exchange. Customers can access SIGMA X Hong Kong by Goldman Sachs' REDIPlus EMS (Execution Management System), by third parties or through a trading system, the FIX protocol. Comments Please login to post comments or replies.