Goldman Sachs Electronic Trading aims to provide clients with the ability to efficiently access liquidity without having to change their trading style or add more steps to their workflow. By offering clients access to an unsurpassed pool of liquidity, we provide opportunities for price improvement and impact minimization. Algorithmic Strategies Goldman Sachs offers a global, multi-asset suite of algorithms, which includes equities, futures, synthetics and options. The goal of each algorithm is to seek optimal execution based on user-specified trading parameters. To do so, the algorithms access both displayed and non-displayed sources of liquidity via our SIGMASM smart router. US clients can also cross their orders with non-displayed liquidity through our SIGMA X crossing network. In addition, algorithmic trading gives clients access to a range of resources, including analytics, transaction cost analysis and execution strategy consulting. SIGMASM & SIGMA X Clients trading US Shares can cross orders with non-displayed liquidity in our SIGMA X crossing network. The largest pool of non-displayed liquidity in the U.S.1, SIGMA X is comprised of a customer-to-customer crossing network and a host of external liquidity providers. SIGMA X allows customers to take liquidity from nondisplayed sources and benefit from the aggregated source of liquidity that flows through the firm's infrastructure. In Europe, we offer our SIGMA suite of products: liquidity-seeking algorithms, smart order routing and aggregation tools, sophisticated crossing logic and a comprehensive set of analytics. The SIGMA suite enables you to access multiple liquidity sources, both displayed and dark, with no change to your existing workflow. http://gset.gs.com/offering/execution.asp Average US SIGMA X Volume in February: 324 mm shares/day The largest pool of non-displayed liquidity in the U.S. âTABB Group, 2008 Anybody experience with Sigma X ?