Goldman Sachs Electronic Trading (GSET) is upgrading its SIGMA smart router to allow clients to seek the best price for dual-listed stocks across US and Canadian stock trading venues, while using real-time FX rates for single currency settlement.
"In the past two years the market structure in Canada has changed at a very rapid pace," said Todd Lopez, head of international sales for GSET North America. "With nearly 200 stocks currently inter-listed on the Toronto Stock Exchange (TSX) and US exchanges, traders need to access liquidity seamlessly in both markets while automatically hedging their currency exposure in real time."
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