Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Stock trading platform
Stock Market

For European stocks there is a platform for trading shares from Goldman Sachs

27.07.2021
2 min read

What is the platform for trading with SIGMA X Europe shares?

American investment bank Goldman Sachs said it is launching its own trading system. The stock trading platform will be designed specifically for Europe.
In connection with the withdrawal of Britain from the European Union, the kingdom has lost its right to trade with shares of European companies outside of EU jurisdiction. In turn, the new platform from Goldman Sachs allows you to continue the process of buying / selling securities for bank customers.
To launch the electronic trading platform SIGMA X Europe, the company applied to the French regulator.
This platform will work in dark pool format, initially it will allow companies from Europe to trade in 15 markets, and in the future this number may increase. At the same time, Goldman Sachs Bank insists that the platform SIGMA X, which operates for the London segment, will work on a par with the new system.
The investment company noted that the launch of the system will provide the company’s clients with all the necessary tools for full work in the market of Europe and Great Britain. However, experts say that after Brexit, some companies from the EU left the London Stock Exchange, which affected the turnover of the market.

Stock trading platform

Goldman Sachs is not the only investment corporation, which has launched its program for electronic trading of European stocks. Earlier such systems were presented by the London Stock Exchange and Cboe Europe.
If in the European direction Goldman Sachs is doing well, then there are problems in Hong Kong. Not so long ago, a local commission that deals with the issues of securities and futures, assigned a fine to the Asian representation of the bank in the amount of 350 million dollars. The reason for this was poor risk management, as well as lack of attention to the problem of money laundering and combating it. These and a number of other omissions by Goldman Sachs led to the misappropriation of $2.6 billion by the company. There was an incident in 2012 and 2013 during three 1MDB offerings. This scheme became known in 2015, when the Malaysian company underwent an audit, which revealed a debt of $11 billion. Then the scandal involved officials of the country, including the Prime Minister.
Goldman Sachs admitted his guilt and has to pay the U.S. government 2.8 billion dollars. In turn, the authorities promised to close the proceedings. Earlier, the investment bank came to an agreement with the Malaysian side. It paid the government $2.5 billion in cash, and $1.4 billion will be provided later.

Tags: Stock Market
0
Previous Post USA may lose its leadership in the oil refining market Next Post How attractive are long-term bonds: the opinion of analysts

You Might Also Like

Bonds with a negative yield
Stock Market
Great Britain started selling bonds with a negative yield
07.02.2021
outflow of capital
Stock Market
There is a record outflow of capital in the bond market
28.09.2022
L3Harris
Stock Market
L3Harris Technologies acquires rocket engine manufacturer Aerojet Rocketdyne
16.03.2023
SpaceX shares to buy
Stock Market
SpaceX shares sell for a record price
18.10.2024
Talkspace
Stock Market
The Talkspace app has struck a deal with Hudson Executive Investment Corp.
25.10.2021
Yahoo
Stock Market
Search engine Yahoo acquired a 25% stake in the advertising company Taboola
12.02.2023

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics