July 1, 2008
New SIGMA X record: 358 mm US shares crossed.
News & Events
June 19, 2008
309 mm US shares crossed in SIGMA X: first US dark pool to trade over 300 mm shares in a single day.
June 12, 2008
SIGMA X crosses record 244 mm US shares on June 12.
- June ADV = 213 mm shares.
- Over 1 billion shares executed between June 9 - June 13.
- Mid & Small Cap Names: 46% of SIGMA X Executions.
March 31, 2008
George Sofianos' new Street Smart report quantifies the benefits of crossing orders in SIGMA X. Click here to read the full report.
In the United States, Goldman Sachs algorithms cross an increasing amount of orders within SIGMA X, Goldman Sachs' internal pool of non-displayed liquidity. In this issue of Street Smart, we focus on the US VWAP algorithm and quantify the reduction in execution shortfall resulting from SIGMA X crossing.
March 27, 2008
European SIGMA reaches new records: $1.2 billion executed, with trades in 747 unique stocks.
- 14 stocks crossed over 10% ADV
- $170MM value crossed outside S&P EURO350
- Total Sonar Average Execution Size: $72,000
- Sonar Internal Cross Rate: 84%
- VWAP Internal Cross Rate: 30%