SIGMA X EUROPE NON-DISPLAYED BOOK

SIGMA X Europe Non-Displayed Book is a multilateral trading facility (MTF) authorized in France and operated within Goldman Sachs' SIGMA X MTF platform. It is a non-displayed (dark) order book that allows institutional clients to access liquidity without revealing their trading intentions to the broader market. The venue is part of Goldman Sachs Electronic Trading (GSET) and is designed to provide superior liquidity access and opportunities for improved execution quality within a safe trading environment. As an MTF, it is a regulated trading venue under European financial markets regulation, competing with other dark pools and multilateral trading facilities across Europe. The service is aimed at institutional investors, broker-dealers, and other market participants seeking to execute large or sensitive orders with minimal market impact. The brand is closely tied to Goldman Sachs' broader electronic trading franchise, which includes SIGMA X in the United States and other regions. The official website, gset.gs.com/sigmaxmtf, serves as the primary information portal for the venue. The entity is a subsidiary operation of The Goldman Sachs Group, Inc., a publicly listed company on the New York Stock Exchange under the ticker GS.

SIGMA X Europe Non-Displayed Book is a multilateral trading facility (MTF) established in France as part of Goldman Sachs' SIGMA X MTF platform. The venue was created to provide institutional clients with access to non-displayed liquidity, allowing them to execute trades without exposing their orders to the public order book. This type of venue, often referred to as a dark pool, is designed to minimize market impact and information leakage for large or sensitive trades. The MTF operates under the regulatory framework for European multilateral trading facilities, which were introduced under the Markets in Financial Instruments Directive (MiFID). As a Goldman Sachs entity, it benefits from the firm's electronic trading infrastructure and client network. The official website, gset.gs.com/sigmaxmtf, provides information about the venue and its services. The entity is identified in public databases such as Wikidata as a multilateral trading facility in France. While specific launch dates and operational milestones are not provided in the available evidence, the venue is part of Goldman Sachs' ongoing electronic trading operations in Europe.

Institutional dark pool / MTF offering superior liquidity and improved execution quality within a safe trading environment.

• SIGMA X Europe Non-Displayed Book

  A non-displayed multilateral trading facility (MTF) in France operated by Goldman Sachs, providing institutional clients with access to dark liquidity.

1. 1SIGMA X MTF - Investing for our clientsgset.gs.com
2. 2SIGMA X EUROPE NON-DISPLAYED BOOK - Wikidatawikidata.org