New York — Goldman Sachs is accustomed to winning, but its dark pool lags far behind private stock-trading systems run by its fiercest rivals. It has a plan to start turning that around. The bank is debuting a new dark pool on Friday. At first, only two stocks will trade on the new platform, dubbed Sigma X-Squared, but everything else will be shifted over within about a month from the older Sigma X system, which will be shuttered, according to a client memo obtained by Bloomberg News. From investment banking to bond trading, Goldman Sachs is among the biggest players. But with dark pools for US stocks, Sigma X has slipped to about 10th place, falling well behind the top markets run by UBS, Credit Suisse and Deutsche Bank, according to data compiled by the Financial Industry Regulatory Authority. It wasn’t always so, with Sigma X once sitting near the pinnacle of the rankings. The New York-based bank has also lost ground to Morgan Stanley when it comes to stock trading in general. Go...
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