Latest Goldman Sachs News: Finextra Research

Project Turquoise banks select EuroCCP for clearing and settlement

The consortium of seven investment banks behind Project Turquoise - the new pan-European equities trading platform that is being established in response to MiFID - has selected DTCC subsidiary EuroCCP to provide clearing and settlement services for the new venture.

18 April 2007

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BT Radianz and Colt to provide connectivity to Boat trade reporting platform

BT Radianz and Colt have been selected to provide connectivity and infrastructure hosting services for Project Boat, the European trade reporting platform that is being established by nine City investment banks.

04 April 2007

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ITG to launch 'dark liquidity' crossing platform in Europe

New York-based Investment Technology Group (ITG) is establishing an off-exchange automated equities trading platform in Europe.

05 February 2007

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Goldman quits MTS platform

Following its temporary ban from trading on NewEuroMTS earlier this month, US securities firm Goldman Sachs is now withdrawing completely from the European government bond trading platform.

25 January 2007

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Van der Moolen cuts 30% of US jobs as Nyse moves to hybrid model

Nyse specialist Van der Moolen says it is cutting 30% of its US workforce as the Big Board completes the move of all listed securities to a new hybrid trading system.

23 January 2007

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Investment bank consortia sift through technology options

The seven investment banks behind Project Turquoise - a pan-European equities trading platform that will compete with the region's exchanges - have stepped up their search for a vendor to build the system, while the nine-member Project Boat banking collective have settled on Markit and Cinnober as suppliers for a new trade reporting platform for European equities.

22 January 2007

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Goldman banned from MTS platform

US securities firm Goldman Sachs has been barred from trading on an electronic government bond trading system operated by pan-European bond exchange network MTS after allegedly violating market-making rules.

17 January 2007

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Nyse, Goldman group acquires 20% stake in India's National Stock Exchange

The New York Stock Exchange, US investment bank Goldman Sachs and global investors General Atlantic and Softbank Asian Infrastructure Fund have acquired a combined 20% stake in National Stock Exchange (NSE) of India.

10 January 2007

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Investment banks to launch European equities platform; compete with exchanges

A group of seven global investment banks have agreed to establish a pan-European equities trading platform that will compete head-to-head with the region's domestic stock exchanges following the introduction of the EU's Markets in Financial Instruments Directive (MiFID).

15 November 2006

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Goldman to launch off-exchange trading platform in Europe

US investment bank Goldman Sachs is set to launch an off-exchange automated trading platform in Europe that will provide clients with access to dark liquidity pools.

13 November 2006

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Wall Street consortium launches alternative system for block trades

Wall Street banks Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS are banding together to launch Block Interest Discovery Service (Bids), an electronic platform for block stock trading.

27 September 2006

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Staff numbers soar at Goldman's Indian operations

The Bangalore operations of Goldman Sachs will soon surpass Tokyo as the US investment bank's third office by headcount, according to a Financial Times report.

19 September 2006

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