Goldman Sachs Plans to Clear Bitcoin Futures When They Go Live
- BofA, Citigroup said to not plan to offer clearing on products
- Goldman Sachs says it’s evaluating the ‘risk attributes’
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Goldman Sachs Group Inc. plans to clear bitcoin futures contracts for certain clients when the derivatives go live in coming days, according to a person with knowledge of the firm’s plans.
Goldman Sachs, one of the largest firms helping clients buy and sell futures contracts, will act in an agency capacity and won’t serve as a market-maker or build inventory in the derivatives, said the person, who asked not to be identified talking about the plans. The decision to clear client trades will be made on a case-by-case basis, the person said.