Goldman Sachs says "dark pools" help investors

[Joanne98]

Source: Reuters

(Reuters) - Anonymous trading venues known as "dark pools" are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc (GS.N) said in a memo to the Securities and Exchange Commission.

Last week, the SEC voted unanimously for ways to make the dark pools more transparent, such as revealing the electronic trading messages that are sent to a limited group of market participants.

In a report submitted to the SEC on October 22, Goldman said the investing community -- especially retail -- has benefitted from the evolving market structure and industry competition.

The Goldman report, posted on the SEC website, summarized a meeting held on September 24 between its executives and the commission staff to discuss issues involving market structure including short selling and dark pools.


Read more: http://www.reuters.com/article/ousivMolt/idUSTRE59Q0QP20091027

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[avaistheone1]

1. These dark pool sound like a scam Goldman Sachs is running. No?

[AllentownJake]

2. Does Goldman Sachs do anything other than scams?

If someone says Goldman Sachs is involved in a transaction I assume everyone is gettting screwed but Goldman Sachs.

[roguevalley]

11. drown the whole lot in them, the treasonous fuckers.

[benld74]

3. I call BS! I call BS!

Anonymous trading venues known as "dark pools" are a technological evolution that have benefitted both institutional and retail trading


AND HAVE LINED OUR POCKETS FOR YEARS!!!

[HowHasItComeToThis]

7. I PLEDGE ALLEGIANCE TO THE FLAG OF

GOLDMAN SACHS AND FINKLESTEIN INCORPORATED

[mbperrin]

4. One of the base assumptions of economics is equal knowledge by all

people in a market.

[glitch]

6. Only in free markets. GS is not about free markets. GS is about Very Long Cons.

And now that they own the government, they are don't even have to bother hiding it.

PS They aren't the only ones.

[mbperrin]

9. Couldn't agree more. The only reason to gather funds together in a big

stack is to make them easier to steal.

These guys are too lazy to rob 7-11's, and this pays MUCH MUCH better with no chance of ever being brought to account.

[glitch]

10. Hoping for SOME chance of them being brought to justice. Well aware it is most likely futile...nt

[Piewhacket]

5. Sure, GS, and gang rape is an innovation that helps boys relieve a little tension.

I'm too furious to be sarcastic.
But for the clueless out there, here's your clue.
:sarcasm:
:nuke:

[Name removed]

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