Goldman to sell designated market-maker unit to IMC: reports

The U.S.-based investment bank is in talks with Dutch firm IMC Financial Markets to sell the trading business, according to a Wall Street Journal report. NYSE and Goldman Sachs declined to comment on the story. IMC Financial Markets could not be reached outside of normal business hours. Goldman acquired the designated market-maker unit as part of its $6.5 billion purchase in 2000 of Spear, Leeds & Kellogg, which ranked as the largest U.S. stock and options clearing firm by volume at that time.

via Business News - Yahoo Finance http://ift.tt/1pOxAD2