Goldman Agrees to Handle Order Execution for Bloomberg Tradebook

Goldman Sachs Group Inc. agreed to take over the buying and selling of equities on Bloomberg Tradebook’s platform.

Bloomberg will continue to offer analytics, technology and support to clients, according to a statement Nov. 20 from New York-based Goldman Sachs. The deal means the bank becomes the exclusive agency broker for Tradebook’s equity clients, who gain access to the bank’s liquidity, as well as trading algorithms and other products. Financial details of the transaction weren’t disclosed.

The agreement provides additional equity clients and trading volumes for Goldman Sachs, which has accelerated trade processing and sought to improve its dark pool ...