Goldman Sachs winding down prop-trading desk

The US bank is shutting its global macro trading unit because of Volcker rule

Goldman Sachs is winding down its global macro proprietary trading desk, according to a person familiar with the matter.

The trading desk, which made bets with Goldman's capital in foreign-exchange markets, interest-rate markets, stocks, commodities and other fixed-income markets, will close out its trades in coming days, said the person.

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