Executives at the brokerage firm have raised the
subject of closing the dark pool trading operation, according to
the Journal. (http://r.reuters.com/pyx38v)
Executives are evaluating whether the revenue generated from
operating Sigma X was worth the risks encountered, including a
series of trading glitches and growing criticism of dark pools,
sources told the Wall Street Journal.
The Journal also said that the decision is not imminent, and
Goldman Sachs might keep the business.
In March, the company found pricing errors in its dark pool
trading venue and sent checks to customers to compensate for the
mistakes, a Bloomberg report said. (http://r.reuters.com/nyx38v)
A Goldman Sachs spokeswoman declined to comment on the report.
(Reporting by Devika Krishna Kumar and Tanvi Mehta in Bangalore;
editing by Lisa Shumaker)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](column_spacer.png) |