Goldman Sachs to Give Out 'Secret Sauce' on Trading
In a major shift for Goldman Sachs Group Inc., the firm is preparing to give away some of the "secret sauce" behind its trading ideas.
From the Wall Street Journal:
Goldman will soon offer clients access to more of its in-house tools, such as high-powered databases that analyze markets and manage risk, according to the firm's executives. Those proprietary systems have long been key elements enabling Goldman to sidestep market turmoil and ring up outsized profits in better conditions.
Given direct access to these tools, Goldman clients could use the technology to build their own trading systems and potentially make purchases independent of the firm.
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