The Financial Times reports that Goldman Sachs has been
forced to delay the launch of its new corporate bond trading platform after a
series of “logistical issues” beset the investment bank’s foray into electronic
fixed-income trading.
The delay highlights the technical difficulties facing big
Wall Street banks as they build new electronic trading platforms – a vital
component in their response to more competitive markets and new rules requiring
increased trading transparency.
GSessions was expected to start trading in mid-May but
encountered difficulties including “trade reporting problems," according
to a person familiar with the platform….
Read all about it at http://www.cnbc.com/id/47595046
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