Goldman Sachs recently planned to move between $ 40 billion and $ 60 billion in assets from London to Frankfurt in the run-up to Brexit and move around 100 workers from the British capital to an EU country by the end of the year.
Goldman Sachs recently planned to move between $ 40 billion and $ 60 billion in assets from London to Frankfurt as Brexit approaches and to transfer around 100 employees from the British capital to an EU country by the end of the year. David Gray / hooly-news.com

The American bank Goldman Sachs announced on Tuesday its intention to launch an equity brokerage platform in Paris, in addition to the one it manages in London, in order to avoid any problems after the divorce between the European Union and the UK. “Thanks to the SIGMA X Europe MTF platform, Goldman Sachs clients will continue to enjoy privileged access to liquidity after Brexit“, Explains the American investment bank in a press release.

With this new product, the establishment “confirms its commitment to serve its clients within the European Union and to provide comprehensive liquidity solutions to its international clients», She adds. The new platform will work “in additionOf the SIGMA X MTF platform, launched in 2011 in the UK and which will continue to trade UK and European equities. Subject to the green light from the authorities concerned, SIGMA X Europe MTF should be launched “no later than January 4, 2021“.

This type of electronic brokerage platform, officially called the multilateral trading system, organizes the meeting between buyers and sellers of financial securities and functions as a complement to the large historical stock markets.

Goldman Sachs recently planned to move between $ 40 billion and $ 60 billion in assets from London to Frankfurt as Brexit approaches and to transfer around 100 employees from the British capital to an EU country by the end of the year.