(Bloomberg) — Goldman Sachs Group Inc.s European dark pool had no trading at the open today as its technology provider Euronext NV suffered from a connectivity problem.
The banks Sigma X dark venue and Euronexts Smartpool failed to open for at least the first 75 minutes of European trading. Sigma X, which is a multilateral facility, opened at 9:15 a.m. London time, while Smartpool resumed trading at 9:45 a.m., according to statements on the companies websites. Amsterdam-based Euronext said the connection between traders and the platform had failed.
Goldman Sachss Sigma X dark pool uses Euronext Market Solutions technology hosted in the exchange operators data center, according to the New York-based banks website.
Every single technology company will have technology problems at some point in time, said Alasdair Haynes, founder of subscription-based Aquis Exchange Ltd. Its how you mitigate those risks.
Haynes is the former chief executive officer of Chi-X Europe Ltd.
So far this month, Goldmans dark pool has accounted for 0.5 percent of European equity-trading market share, Bats data show. Smartpool made up just 0.03 percent.
Euronext operates equity markets in France, the Netherlands, Belgium and Portugal. Caroline Nico, a Euronext spokeswoman, wasnt immediately available for comment.
Camilla Tunnell, a spokeswoman for Goldman Sachs, couldnt immediately comment on the trading delay.
