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Goldman Sachs Joins as Partner

Goldman, Sachs & Co is joining with founding partners Citibank, Deutsche Bank and UBS AG. The Internet-based electronic interdealer broker for currency options was launched in March.

“This group of banks, given its depth of liquidity, has the ability to create an unparalleled, open and efficient marketplace for currency options, and in the future, other currency products,” says Dirk Ward, Deutsche Bank’s chief technology officer for Global Markets E-Commerce, who has been appointed chief executive officer for

“In keeping with our long-term emphasis on technology, Goldman Sachs has made a strategic commitment to and its development into the premier electronic platform in the currency derivatives market,” says Peter Gerhard, global head of FX at Goldman Sachs.

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