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Goldman said to oursource dark pool operation

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Goldman Sachs hired exchange owner Nasdaq to run its Sigma X stock-trading system, according to two people familiar with the matter, outsourcing day-to-day operations of its dark pool following an industrywide regulatory crackdown and amid escalating costs.

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Ex-C Suisse chief to launch new bank

Former Credit Suisse CEO Brady Dougan plans to launch a merchant bank in early 2017 and has lined up a $3bn investment to seed the venture, according to people familiar with the matter.