Disclosure of electronic communication networks, alternative trading systems, or similar execution or trading systems or venues (collectively, “ECNs”)
In accordance with Exemption under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Goldman Sachs is publishing a list identifying U.S.-regulated ECNs through which securities transactions may be executed on behalf of its individual retirement accounts or retirement plan clients subject to ERISA, including identifying which of those ECNs Goldman Sachs has an ownership interest.
Pursuant to the Pension Protection Act of 2006, Goldman Sachs can use U.S.-regulated ECNs in connection with purchases or sales of securities for its individual retirement accounts or retirement plan clients subject to ERISA, regardless of whether it has an ownership interest in the ECN, so long as certain conditions are satisfied, including that Goldman Sachs identify the ECNs and notify its ERISA clients that securities transactions may be executed through those ECNs. In addition, if Goldman Sachs has an ownership interest in an ECN, it must obtain the ERISA client’s authorization to use the ECN to execute transactions.
Below please find a list we have prepared for purposes of complying with the conditions described above. Note that, although we are identifying these ECNs for purposes of seeking to comply with ERISA, there may be other limitations and restrictions placed on Goldman Sachs’ actual use of the ECNs listed below for other reasons, including to comply with securities laws.
List of Electronic Communication Networks, Alternative Trading Systems, or Similar Execution or Trading Systems or Venues
Equities/Options
Exchanges:
Bloomberg EMSX
CBOE BYX
CBOE BZX
CBOE EDGA
CBOE EDGX
IEX
Long Term Stock Exchange (LTSE)
Members Exchange (MEMX)*
MIAX PEARL Equities
NASDAQ
NASDAQ BX
NASDAQ PSX
NYSE
NYSE American
NYSE Arca
NYSE Chicago
NYSE National
Options:
BOX Options
CBOE
CBOE BZX Options
CBOE C2
CBOE EDGX Options
Members Exchange Options (MEMX Options)*
MIAX
MIAX Emerald
MIAX Pearl
Nasdaq BX Options
Nasdaq GEMX
Nasdaq ISE
Nasdaq ISE Mercury
Nasdaq Options Market
Nasdaq PHLX
NYSE American Options
NYSE ARCA
Single Dealer Platforms:
Citadel Connect
Hudson River Trading
Virtu vEQ Link
Alternative Trading Systems:
BAML Instinct X
Barclays LX
BIDS Trading
Coda Markets, Inc.
Fidelity CrossStream
Instinet BlockCross
Instinet CBX
IntelligentCross
JPM-X
Level ATS
Liquidnet H2O
Luminex
MS Pool
MS Trajectory Cross
OneChronos
PureStream*
GS Sigma X2*
UBS ATS
Virtu MatchIt
Virtu Posit
Fixed Income:
360T
360T
BGC Brokers
Bloomberg
Bloomberg Non-SEF
Bloomberg SEF
BondDesk
Bonds.com
Brokertec
Creditex
Currenex
Dealerweb
Espeed
Eurobroker BGC
FENICS UST
GFI Creditmatch
Hotspot
ICAP
IHS MARKIT - New Issuance
i-Swap
Knight BondPoint
KNIGHT LINK
KNIGHT MATCH
Lava
LiquidityEdge
MarketAxess
MarketAxess (DealerAxess)
Marquee (GSCO)*
MS matrix
MTS S.P.A
Munibrokers.com
ROSARIO FUTURE EXCHANGE ROFX
The Muni Center
TradeWeb
TradeWeb Retail
Trad-X
Trumid
Tullet
* signifies that Goldman Sachs has an ownership interest