REDI, an Independent Financial Technology Company, to Offer Innovative Broker-Neutral, Cross-Asset Solutions to Capital Markets
New York, NY - Wednesday, July 17th 2013 [ME NewsWire]
(BUSINESS WIRE) The Goldman Sachs Group, Inc. (NYSE:GS) today announced the sale of a majority equity interest in REDI, the technology provider for the leading REDIPlus® Execution Management System (EMS), to a consortium of investors including BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Lightyear Capital. Goldman Sachs is retaining a significant minority equity stake in the company.
This transaction establishes REDI as an independent financial technology company. The consortium of investors enhances REDI’s business by providing a broad range of benefits to the marketplace through an expanded broker network, broad cross-asset capabilities, expansive global coverage and industry-leading customer service. In addition, REDI will leverage the valuable strengths of its partne
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