Brexit: Goldman Sachs chooses Paris for its European trading platform

Posted on Nov 26, 2020 at 7:27 am

The competition for European markets for Brexit is not slackening, despite the Covid. Paris has just scored a point, this time against Amsterdam. Goldman Sachs has announced the launch in France of its alternative equity trading platform, the future European mirror of that of London, Sigma X, which processes 93 million euros in transactions per day. A reverse arbitrage of its main major competitors who have all turned to the Netherlands.

Strong ambitions in France

With 170 bankers in Paris, Goldman Sachs has doubled in size over the past two years in the French market, and could again double its workforce within three years. By the second half of 2022, the Wall Street firm will leave its premises on Avenue Kleber for 6,500 square meters at 83 Avenue Marceau in the 8th arrondissement of Paris. Another indicator of its attachment to the French market, supports the bank, the launch for the first time in continental Europe of its program for entrepreneurs, active for ten years in the United States and the United Kingdom.

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