Goldman Sachs Backs Up IEX Endorsement With Biggest Market Share
This article is for subscribers only.
Goldman Sachs Group Inc. is the biggest broker on the upstart U.S. stock platform created by IEX Group Inc., according to a memo IEX sent some clients.
Goldman Sachs said last week that markets would be well-served if the five-month-old venue achieved “critical mass.” The dark pool, which has ambitions to become an exchange, was built with defenses against the fastest traders. Yesterday, in a memo obtained by Bloomberg News, IEX said Goldman Sachs has more than double the volume of the No. 2 broker.