News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Goldman Sachs completes sale of majority equity stake in REDI

The bank has sold most of its REDI trading technology group including Bank of America, Barclays, BNP Paribas, Citadel and Lightyear Capital

Goldman Sachs late Tuesday completed the sale of most of its REDI trading technology group to a group including Bank of America, Barclays, BNP Paribas, Citadel, and Lightyear Capital.

REDI, previously part of Goldman's vast securities division before the deal, is now an independent technology company based in New York with regional offices in Boston, San Francisco, Chicago, London, and Hong Kong.

WSJ Logo