Goldman Wants Trading Derivatives to Be Easy as Buying on Amazon
- Bank offering visual structuring tech for credit derivatives
- Company plans to expand product to rates trading next year
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Goldman Sachs Group Inc. is expanding its use of a technology that leverages artificial intelligence in the hopes that it will make it easier for clients to plan complex derivatives trades.
After already using the software to shake up the worlds of equities and foreign exchange options, the firm in recent weeks began allowing clients to use its visual structuring product for credit derivatives. It’s aiming to offer the service for rates trading in the first half of next year, Chris Churchman, who runs Goldman’s digital trading platform Marquee, said in an interview.