Goldman Sachs Launches First Algorithm AXIS on New Atlas Trading Platform

The first equity algorithm has been launched on the new high-speed Atlas trading platform from Goldman Sachs targeting quantitative hedge fund clients. Known as AXIS, the algo is an order placement algorithm that uses proprietary signals to predict price movements and volatility. The signals are embedded within the algo’s trading and routing logic for better execution in both passive and aggressive orders. The algo aims to minimize execution cost or slippage over short trading intervals by allowing traders to delegate segments of a parent order for more efficient execution of smaller orders. Goldman Sachs claimed early results of AXIS are “very promising”, with the algo consistently outperforming legacy products in implementation shortfall versus arrival price.