Goldman Sachs To Sell Its Trading Unit On NYSE Floor

Discussion in 'Stock Market Forum' started by PaulSchinider, Apr 3, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

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    Goldman Sachs generated about 20.7% of its total revenues from the equities business in its Institutional Client Services segment in fiscal year 2013!!
     
  2. PaulSchinider

    PaulSchinider Well-Known Member

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    Goldman’s plan to sell its New York Stock Exchange trading business comes at a time when high frequency trading businesses are under fire from federal bodies
     
  3. yossup

    yossup Member

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    This eerily coincides with the release of Michael Lewis's book about HFT. It seems like the reason why goldman sachs is doing this is because they're increasingly relying more on algorithms and quants to make their trades rather than human traders. This is an interesting and scary development honestly :(
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Yeah, they recently said that they want to disassociate themselves from all that, because they always get attacked the hardest by the govt because they're "the smartest (and richest) guys in the room".
     
  5. PaulSchinider

    PaulSchinider Well-Known Member

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    Yeah Right Saying JR Ewing i totally agree with your answer about GS Company http://goo.gl/3qrggF
     
  6. ursell

    ursell Guest

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    Thanks for the info. I didn't know that.
     

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