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Goldman Sachs Sells NYSE Designated Market Maker Trading Rights to IMC Financial Markets - Share Edge Up Midday

Goldman Sachs Sells NYSE Designated Market Maker Trading Rights to IMC Financial Markets - Share Edge Up Midday

Goldman Sachs (GS) has agreed to sell its New York Stock Exchange trading rights to operate as a designated market-making unit to Dutch high-frequency trading firm IMC Financial Markets, the New York Stock Exchange (NYSE) and IMC Financial Markets announced in a joint note. The rights are associated to more than 600 stocks listed on the New York Stock Exchange. Although financial terms of the deal were not disclosed, sources cited by the Wall Street Journal said Goldman Sachs received less than $30 million for the rights. The deal is expected to close in Q3. GS shares were up 0.5% in midday trading to $160.20. The stock has a 52-week range of $148.71 - $181.13.

Goldman Sachs Sells NYSE Designated Market Maker Trading Rights to IMC Financial Markets - Share Edge Up Midday