Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3578 Registered: 05-2011
Rating: N/A Votes: 0 | Posted on Monday, May 24, 2021 - 9:24 pm: | |
Goldman Sachs internal memo unveils new cryptocurrency trading team May 6, 2021 Formation of Cryptocurrency Trading Team I am pleased to announce the formation of the firm’s cryptocurrency trading team, which will be our centralized desk for managing cryptocurrency risk for our clients. The Crypto trading team will be a part of Global Currencies and Emerging Markets (GCEM), reporting to me, within the firm’s Digital Assets effort led by Mathew McDermott. As part of our initial launch, we have successfully executed Bitcoin (BTC) NDFs and CME BTC future trades on a principal basis, all cash settling. Looking ahead, as we continue to broaden our market presence, albeit in a measured way, we are selectively onboarding new liquidity providers to help us in expanding our offering. In addition, yesterday we launched our Digital Assets dashboard which provides daily and intraday cryptocurrency market data and news to our clients. We invite you to highlight the dashboard to your clients. For more information on trade approval and onboarding, contact the Digital Assets team. Please note, the firm is not in a position to trade bitcoin, or any cryptocurrency (including Ethereum) on a physical basis. Rajesh Venkataramani |