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Goldman Sachs to Start Paris Trading Venue as Brexit Nears

U.S. bank planning to open Europe version of London dark pool
With EU and British authorities at odds, U.K. trading may move

Illustration of 83 Avenue Marceau, site of Goldman Sachs’ new office in Paris. — Illustration of 83 Avenue Marceau, site of Goldman Sachs’ new office in Paris.Source: Societe Fonciere Lyonnaise

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November 24, 2020, 7:23 AM UTCUpdated onNovember 24, 2020, 1:36 PM UTC

Goldman Sachs Group Inc. is planning a European stock trading platform to ensure its clients can still buy and sell shares even without a post-Brexit agreement to allow dealing in London.

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 before Jan. 4 subject to regulatory approvals.