- Goldman Sachs will begin executing trades made on Bloomberg Tradebook, the brokerage arm of the financial-services and media giant.
- The arrangement will allow the two firms to focus on their respective value proposition ahead of MiFID II, a European regulatory overhaul set to go live in January.
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Goldman Sachs has struck a deal with Bloomberg to help its stock trading business (GS)
Goldman Sachs will begin executing trades made on Bloomberg Tradebook, the brokerage arm of the financial-services and media giant.
Goldman Sachs announced on Monday that it'll begin executing stock trades for customers of Bloomberg Tradebook, the brokerage arm of the financial-services and media giant.
The arrangement is set to go into effect immediately and allows both firms to focus on their respective value proposition in the stock trading business, according to a press release on the news.
"We are confident that Bloomberg’s expertise in technology, and analytics, combined with Goldman Sachs’ vast execution capabilities, liquidity offerings and ability to respond to the changing global execution landscape will result in a superior user experience," Raj Mahajan, global cohead of Securities Systematic Solutions at Goldman Sachs, said.
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The arrangement comes ahead of new European regulations set to go live in January
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