Goldman Sachs Hasn’t Heard That Some People Don’t Like Dark Pools - Dealbreaker

Goldman Sachs Hasn’t Heard That Some People Don’t Like Dark Pools

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Looks like Jamie Dimon isn’t the only banker who isn’t readingFlash Boys.

Harvey Schwartz, the chief financial officer of Goldman Sachs, told analysts during a conference call to discuss the bank’s first-quarter earnings on Thursday that he had “no strategic plans” to close the bank’s dark pool trading business known as Sigma X….

The recent book “Flash Boys” by Michael Lewis drew even more attention to dark pools by questioning whether high-speed traders were gaining unfair market advantages.

Asked about what kinds of concerns he had heard from clients regarding Sigma X, Mr. Schwartz said he was unaware of any explicit concerns.

Goldman Says It Has No Plans to Exit Dark Pool Business [DealBook]

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