Goldman Sachs disclosed Thursday that regulators have questioned it over its so-called "dark pool" in the latest sign of increased concern over the unregulated securities trading platforms.
The giant investment bank added its "US alternative trading system" to a list of operations that are under regulatory review or investigation, according to a quarterly securities filing.
The filing gave no other details on the nature of the probe.
Regulators, including US Securities and Exchange Commission Chair Mary Jo White, have said more oversight is needed for trading venues like dark pools, which have captured an increased share of overall share trading in recent years.
Dark pools allow clients to trade large volumes of shares anonymously with prices posted only after the transaction is finished, avoiding the open reporting of ongoing bid and offer prices required on public exchanges.
New York Attorney General Eric Schneiderman in June filed suit against Barclays, alleging it defrauded investors in its dark pool by operating the platform to the benefit of high-frequency traders.
UBS and Deutsche Bank have also disclosed regulatory inquiries into their dark pools.
Goldman also trimmed its estimate for total litigation costs it has not reserved for from $3.7 billion in March to $3.2 billion.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEOMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor