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June 24, 2017

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Goldman Sachs considers selling off unit that operates on floor of NYSE

NEW YORK--Goldman Sachs is considering selling its business unit that matches buyers and sellers on the floor of the New York Stock Exchange, according to a person familiar with the investment bank's thinking who spoke on condition of anonymity.

The business is one of six on the floor of the exchange that are responsible for reducing volatility in stock trading. If Goldman completes the sale, it would follow Bank of America in departing from the floor of the exchange. Bank of America sold its market-making business to Getco, an electronic trading firm, in November 2011.

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