CORRECTED-Goldman shutters Canadian "dark pool" trading ops
TORONTO, April 27 (Reuters) - Goldman Sachs is shutting down its Canadian "dark pool" trading operation less than a year after it was launched by the U.S.-based investment bank, acc ording to a notice from an industry regulator.
Goldman launched its "Sigma X" dark pool operation last August. Dark pools platforms allow big players to place and match buy-and-sell orders anonymously to avoid tipping off rivals and moving share prices.
A notice from the Investment Industry Regulatory Organization of Canada, titled "SIGMA X Canada to Cease Operations as a Marketplace", sa id that the service would cease accepting orders as of the close of trading on Friday.
A company spokesman did not immediately return calls.
Sigma-X was one of a handful of alternative trading system in Canada, where equity trading is dominated by the Toronto Stock Exchange, owned by TMX Group. TMX is currently the target of a $3.8 billion takeover bid by a group of 13 Canadian financial institutions.
- Malaysian plane presumed crashed; questions over false IDs |
- CORRECTED-UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media