UNX Offers Goldman Sachs Algorithmic Trading through Its Open Algorithm Network.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- UNX UNX Universal Network Exchange , Inc., the independent institutional brokerage and market structure experts, today announced an agreement with Goldman Sachs to supply clients with access to Goldman Sachs Algorithmic Trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of (GSAT GSAT GTE (General Telephone and Electronics) Satellite Corporation GSAT Geostationary Satellite GSAT General Scholastic Aptitude Test GSAT Global Satellite Data Acquisition Team GSAT Ground System Acceptance Test GSAT Graduate School Admissions Test (R)) via UNX's Open Algorithm Network. GSAT is a suite of algorithmic models, sophisticated order types and analytics that derive pricing and trading estimates based on historical volume patterns, a proprietary trading cost model, real-time market data, and parameters selected by GSAT users. UNX provides customizable trading solutions for institutional investors to meet a wide range of trading needs with advanced functionality, proprietary technology and superior client service. The UNX Open Algorithm Network combines the company's rich integration and rule-based routing capabilities with the diverse trading offered by sophisticated algorithm providers. "Access to the GSAT algorithmic models will provide clients with new strategic capabilities that can improve the overall quality of trade implementation," said Randy Abernethy, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of UNX. "As we continue to expand the breadth of trading tools we offer and bring new efficiencies to the marketplace, traders can centralize their workflow and streamline operations through our consolidated and open platform." "As the US equities market becomes ever more electronic, it is increasingly important for institutions to have comprehensive connectivity and fluid solutions for OMS OMS - Opportunity Management System integration, DMA (1) (Digital Media Adapter) See digital media hub. (2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases. , algorithms, and trade operations," Mr. Abernethy continued. "We strive to bring these solutions to every client." About UNX UNX is an institutionally focused agency only brokerage firm providing advanced electronic trading solutions and premium services. UNX meets the demanding requirements of institutional trading through innovative, reliable technology to streamline trade operations and help sophisticated traders find liquidity within a completely anonymous environment. The company's commitment to trading efficiency extends to its multiple value-added services, including advanced electronic trading capabilities, algorithm aggregation, commission management tools and agency trading services. For more information, please visit www.unx.com. Member NASD/SIPC. UNX: The Market Structure Experts. |
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