Redi-Plus

Quote from tmaia:

outside of prohibitive dvp ticket charges, why won't goldman aloow customers to use third party execution without the orders being "staged" to redi + ?
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I'm not saying "no one" can use 3rd party programs, depends on the agreement between BD and GS.

Don
 
I spoke with Redi last week. The Redi department is being spun off into a stand alone entity. They are now, even before the spin off, a broker neutral platform. So, a Broker Dealer can pay for the Redi platform, but not the DMA. Or, you can pay for the DMA but not the platform. Of course, you can also subscribe to both. You do not have to clear GS or GSEC anymore.

You can't do this directly if your "customer." You have to go through a broker dealer willing to have all the agreements with in place and is willing to offer it to you.

Bob
 
if you look at the gset website under 3 rd party software -- look at itg for examle, they make itg "stage" to redi . why ?
 
Right, as I mentioned earlier.... just be clear that GS still owns 100% of Redi, good for support IMO.

Maybe more guys will now write software for Redi... we've had to our own all these years... might be nice.

Don
 
Quote from tmaia:

if you look at the gset website under 3 rd party software -- look at itg for examle, they make itg "stage" to redi . why ?
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I can't find that. Would you like to include a link to that page?
 
Btw: to my knowledge, this is not a "retail" platform, but a professional platform. The difference is that it is unlikely that it calculates and monitors buying power available for a cash, reg-t margin or portfolio margin account. Retail platforms have to.
 
Quote from hitnrun:

the redi platform which is pro that was offered for a retail account
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When I called, they said for DVP only.

Who knows, they are expanding....

Don
 
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