October 3, 2008
SEC Short Sale Ban on Financial Stocks Expires on October 8, 2008.
As the SEC announced in their October 1st statement, the ban on short selling of specified financial securities expires on the third business day after the President signs the economic stabilization legislation. Since Emergency Economic Stabilization Act of 2008 was signed into law on Friday, October 3, 2008, the short sale ban will expire on Wednesday, October 8, 2008, at 11:59 p.m. For more information on SEC Emergency Orders, please refer to the Compliance Notes section of the GSET website.
October 1, 2008
Goldman Sachs wins Best Algorithmic Trading Provider in 2008 Financial News IT Awards.
September 19, 2008
GSET Hits New Volume Records
During one of the busiest trading weeks in years, Goldman Sachs Electronic Trading hit new volume records across multiple products:
- Over 1.8 billion US shares traded in a single day
- 531 million US shares crossed in SIGMA X in a single day
- Over 2.3 million US listed options contracts traded in a single day
- GS algorithms traded over 576 million shares in a single day
- Total SIGMA X volume from 9/15 - 9/19 -- 2.2 billion shares
September 4, 2008
New Street Smart report from George Sofianos and David Jeria, "Passive orders and natural adverse selection." Click here to read more.
August 13, 2008
The SEC Emergency Order Regarding Short Sales in Certain Securities expired on August 12th at 11:59 p.m.
