The project, named Atlas after the Greek God, is meant to accelerate the shift Goldman Sachs has been making to the latest stock trading technology.
"With this investment we're trying to tackle the quantitative hedge fund space and do so front-to-back to create a seamless experience for our clients, and just try to get as efficient as they are at doing their jobs," said Blum, a 25-year electronic trading veteran who joined Goldman in 2017.as firms including Goldman, Morgan Stanley and J.P. Morgan have been winning a larger share of a shrinking pie. These three banks made $11.
For the entirety of his career, which began at tiny South Carolina-based Automated Trading Desk in 1993, Blum has been working on and improving his approach to electronic trading.
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