Goldman Sachs Electronic Trading (GSET) has unveiled a strategy that provides clients with the ability to search for block liquidity in various non-displayed liquidity pools. The strategy, BlockStrike, will allow traders to commit their order to an algorithm and negotiate a block in a dark pool simultaneously. BlockStrike will add dark posting behavior to seek block executions, while trading Participate, VWAP and TWAP algorithms, based on their trading objectives. BlockStrike will be available on the Sonar and Sonar Dark and change dark posting to block-only dark posting.
Click here for the release from Business Wire.