Goldman Sachs Announce The Launch Of Dark Pool Trading Platform In Hong Kong

Goldman Sachs has launched its new dark pool trading platform in Hong Kong, according to reports. According to Reuters, the bank hopes the platform will act as an alternative source of liquidity amid increasingly thin trading volumes. Dark pools allow

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Goldman Sachs has launched its new dark pool trading platform in Hong Kong, according to reports.

According to Reuters, the bank hopes the platform will act as an alternative source of liquidity amid increasingly thin trading volumes.

Dark pools allow buyers and sellers to complete large stock transactions without revealing details such as prices or share volumes. They are designed to prevent large stock movements from triggering wider market swings.

Goldman Sachs launched its original dark pool trading platform, known as Sigma X, in the United States four years ago. It has since been exported to European markets.

According to the bank, the US arm of Sigma X now handles orders for over 300 million shares a day.

Gene Reilly, managing director and head of trading and execution for Goldman Sachs Asia, hopes the Hong Kong platform can also attract a healthy turnover of transactions.

“The growth potential of Hong Kong’s market remains significant and we think alternative pools of liquidity will play an important role in its development going forward,” says Gene Reilly.

Goldman Sachs is an international investment banking specialist with offices in locations including New York, London, Tokyo and Hong Kong

D.C.

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