Trading Outage Amid Euronext Failure: Goldman Sachs Group

Goldman Sachs Group Inc.’s European dark pool suffered from Euronext NV's connectivity problem, resulting no trading at the open today.

The bank’s Euronext’s Smartpool  and Sigma X dark venue after first 75 minutes of European trading. According to the company, Sigma X, which is a multilateral facility, opened at 9:15 a.m. London time on the other hand, Smartpool resumed trading at 9:45 a.m.Amsterdam-based Euronext accepted that the connection between traders and the platform was disconnected.

According to the bank, Goldman Sachs’s Sigma X dark pool uses Euronext Market Solutions technology hosted in the exchange operator’s data center.

Alasdair Haynes, former chief executive officer of Chi-X Europe Ltd.,founder of subscription-based Aquis Exchange Ltd said,“Every single technology company will have technology problems at some point in time.” He added, “It’s how you mitigate those risks.”

Goldman’s dark pool has accounted for 0.5 percent of European equity-trading market share until now and Bats data show that Smartpool made up just 0.03 percent.

Euronext has equity markets in  France, the Netherlands, Belgium and Portugal.

A Goldman Sachs spokesman, said “the technical issue has now been resolved and Sigma X MTF is operating as normal.”

Rolls-Royce Motor Cars sold 12% more cars on last, 4,063 cars.

Rolls-Royce Motor Cars, for the first time in it's 111 year history broke the 4,000 mark and sold a record number of cars last year. There was a third increase in sales in the US, about 40% in Europe and 20% in Middle East.

Rolls-Royce Motor Cars sold 12% more cars on last, 4,063 cars.

It is owned by Germany's BMW with 200 new permanent jobs over the past 18 months and it has about 1,500 people employed.

Its Wraith model and new Ghost Series II boosted it's performance.

The firm claimed that it sold more cars worth more than €200,000 compared to it's rivals.

It said,"A record number of customers spent personal one-on-one time with Rolls-Royce's Bespoke design consultants commissioning their personalised vehicles."

Chief executive Torsten Muller-Otvos told that about 80% of its buyers were business owners and entrepreneurs.

He highlighted that there is"balanced global sales picture."

He even said that the company is looking forward to create a 4WD- SUV vehicle.

Highest surge of Perfect World C.(PWRD)

Perfect World’s depositary receipts  of america jumped to $19.25. After the Chinese online games operator's founder proposed to privatize the company, this is 22% increase in New York which is the the most since March 2012 after its founder and chairman Michael Yufeng Chi offered acquisition for $20 per ADR.

SouFun Holdings Ltd. (SFUN) jumped 13 percent to be on top among home-listing websites. After having an increase of 3% in 2014, the Bloomberg China-US Equity Index climbed 0.2 percent.

Since a high in March as there was narrow profit margin, Perfect World had lowered 39 percent. It's valuation surged to 6.8 times forward earnings last month which is the lowest since April 2013. Michael Yufeng Chi proposed to buy out shareholders at a 27 percent premium over the stock’s Dec. 31 closing price and according to the filing, he currently has17 percent of the company as of March.

Currently the company’s U.S. valuation is too low and it's stocks should be re-listed in it's domestic market. There could be more game operators who may seek privatization if they deem themselves undervalued.


Perfect World stands the third U.S.-listed Chinese online gaming company that proposed to go private in the past year. Perfect World announced on Friday that it appointed Yunfan Zhang as its chief operating officer who previously was incharge of the company’s mobile game publishing business.

SouFun raised to $8.32, gaining the most in six weeks. It is China’s biggest real-estate information website. E-House China Holdings Ltd.surged 11 percent to $8.06.

There is an increase in the cap for housing fund loads for first-home buyers from Jan.1 Beijing city government announced it on its website.