Another new stock market is set to debut in Canada, this time in the hands of New York investment bank Goldman Sachs.
The Wall Street firm said Thursday that it will bring its stock market system, SIGMA X, to Canada at an unspecified date.
The SIGMA system is what's known as a "dark pool" market — one that would allow investors to anonymously buy and sell stocks on the Toronto Stock Exchange.
The stock market will be financed by numerous investors in addition to Goldman, including brokers, hedge funds and institutions, it said.
Yeeeaaa, this article doesn't make me feel all warm and fuzzy inside.
The stock market will be financed by numerous investors in addition to Goldman, including brokers, hedge funds and institutions, it said.
Yeeeaaa, this article doesn't make me feel all warm and fuzzy inside.