Goldman Sachs moves to start Paris trading venue as Brexit nears

A Goldman Sachs office board in Sydney, Australia. Picture: REUTERS

The Wall Street bank has applied to French regulators to start a Paris-based trading venue called Sigma X Europe, according to the company. It intends to open by January 4 subject to regulatory approvals. Goldman joins rivals including Cboe Europe and London Stock Exchange Group in forming venues in European cities to ward off disruption at the end of the year, when Britain loses automatic rights to host trading in most EU shares for clients inside the bloc.

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