Goldman Set to Relaunch Hong Kong Dark Pool

Goldman set to relaunch Hong Kong dark pool

Goldman set to relaunch Hong Kong dark pool

Michelle Price for Dow Jones writes that Goldman Sachs is set to relaunch its Hong Kong dark pool after the bank was forced to halt trading on the venue in 2009, Financial News has learnt. The development comes amid a broader regulatory review of dark pool licenses in the Hong Kong market.

The bank’s Sigma-X share-trading platform received regulatory approval from Hong Kong’s Securities and Futures Commission earlier this month, according to the SFC’s public register of licensed institutions.

Goldman Sachs is conducting testing on the platform and intends to bring on board external clients, including asset managers and other brokers, in coming weeks, according to one individual with knowledge of the bank’s thinking.

Read More

Advertisements
This entry was posted in Dark Pools, Equity Markets, High Frequency Trading, SEC, The Wall Street Journal and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s