Goldman Sachs Sees Record $24.1 Million Trade on SIGMA X Period Auction

Goldman Sachs has said it saw a record trade of $24.1 million executed on its SIGMA X multilateral trading facility (MTF) periodic auction last month, according to a story in The Trade News. The trade was executed on 27 May in Deutsche Telekom AG within a single auction call, and the trade size increased from $1.7 million at the auction initiation stage to $24.1 million at auction uncross.  Goldman Sachs added that SIGMA X MTF is increasingly seeing auctions result in large in scale (LIS) sized trades as members leverage the liquidity signals available in its market data feed. The average LIS trade size on SIGMA X MTF year-to-date growing by approximately 37% from the auction initiation to uncross.