Goldman Sachs and Trema Announce Real Time Updating of Trading Positions
Goldman Sachs International (‘Goldman Sachs’) and Trema jointly announced a real-time link connecting Goldman Sachs’ WebET(tm) Foreign Exchange (‘WebET FX’) system with Trema’s Finance KIT system via Trema’s Transaction Hub. WebET FX is Goldman Sachs’ proprietary on-line, real-time foreign exchange spot, forward and option trading system. Trema’s Finance KIT is a straight-through-processing treasury, risk and asset management system that integrates front, middle and back office functions in one system. The new facility will allow foreign exchange customers of Goldman Sachs using WebET FX and Trema Transaction Hub to have their trading positions in foreign exchange spot, forward and options updated automatically on a real-time basis.