Goldman Sachs Electronic Trading has released Version 9 of RediPlus, which offers enhanced options trading and workspace usability features, according to a release.

"With version 9.0, we continue to build on the key elements which have made REDIPlus successful. Our consistent focus on multi-asset strategies, global market access, and superior execution quality drives both our major product updates and our minor ergonomic enhancements, " said Rishi Nangalia, Managing Director and global head of GSET Business Development, in a release. "These ongoing improvements help us meet the needs of our diverse client base."

The new options enhancements include the introduction of three new algorithmic strategies, the ability to auto-hedge options orders, and active limit support. The three new algorithms—Strike, Pegging, and Volatility Limit—bring the total number of advanced options strategies to seven. These algorithms also take advantage of existing SIGMA options smart routing functionality, through which over 70% of GSET electronic options flow is now executed, according to the release. Options traders who upgrade can also auto-hedge their orders, enabling them to automatically execute equity hedges in real-time as the option order is filled.

The workspace upgrades include that REDIPlus clients will now receive upgrade notifications automatically when a new version of the trading platform becomes available. In addition, multi currency order entry and monitoring enables customers to manager their global strategies more effectively. "Freeze panes" are the latest enhancement to the spreadsheet-like functionality embedded within REDIPlus, providing customers with a more flexible view and the ability to sort trade data.