When clients really want to buy shares or must offload shares, they are willing to pay a little more to guarantee liquidity and hands-on service. It is the latest attempt by a Wall Street bank to automate block trading, a small sliver of the equities business that is still handled mostly by humans rather than specialized computer programs.īlock trades involve at least 10,000 shares or $200,000 worth of stock and are often used to get clients out of a pinch.
The technology is part of a broader platform called Marquee, details of which not been previously reported, but were confirmed to Reuters by Goldman executives. The big question is when and how are the other sell-side investment banks planning to cover block chain technologies and digital assets for their buy-side clients? We suspect that other banks will be rolling out their own coverage of these markets in 2022.A Goldman Sachs sign is seen over the company's trading stall on the floor at the New York Stock Exchange, March 21, 2013. This arrangement is probably more cost effective for Goldman than hiring their own crypto research team.Īs we have said before, it is not surprising that Goldman Sachs jumped into the crypto research pool, though they did so by leveraging a third party’s content rather than producing their own. In response to this growth, and following the launch of proprietary crypto research groups at both Merrill Lynch and Morgan Stanley, Goldman Sachs’ partnership with the Block to provide the firm’s research to their clients makes considerable sense. While the cryptocurrency market totaled $1.6 bln in 2021, digital assets more broadly represent a $2 trillion+ market value with 200 million+ users, and have the potential to transform every industry by improving efficiency and reducing friction across transactions. According to Goldman, Marquee has 50,000 active monthly users. Goldman Sachs’ Marquee platform is a digital marketplace providing institutional clients with access to Goldman’s proprietary pricing data, risk analytics, research and market insights, and trading solutions. This is also consistent with efforts by Goldman’s peers, Merrill Lynch and Morgan Stanley, who both announced the formation of research teams covering digital assets earlier this year. The move by Goldman is in response to the growing institutional interest in cryptocurrencies, other digital assets, and block chain technologies.
Marquee goldman sachs for free#
While these typically require a paid subscription, clients can access them for free with a Marquee account.” Goldman explained the new arrangement, saying, “In an effort to provide relevant digital assets content and research, GS Digital Assets is now providing exclusive access to select reports from The Block Research. The first crypto research report available to Goldman clients was an overview of decentralized finance (DeFi) protocols on the Ethereum network. In late November, Goldman Sachs’ hedge fund and other institutional clients began receiving premium crypto research reports published by the Block via Goldman’s Marquee digital platform.
0 kommentar(er)
