Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


10:30 AM
Connect Directly

Investment Banks Gobbling Up Trading Floor Space

JPMorgan, Wachovia, Goldman Sachs building, buying, and expanding trading floors in New York and London.

JPMorgan has been on a tear lately, announcing new plans for its global investment banking and European investment banking headquarters -- complete with massive trading floors in each facility.

The firm says it will build its 1.3-million-square-foot international headquarters at Site 5 in New York's World Trade Center complex. The new 40-story building will be home to about 7,000 investment bank employees, and it will, of course, feature six trading floors, each up to 60,000 square feet with "state-of-the-art technology," according to the firm.

In addition, JPMorgan has plans to build the biggest trading floors in London at its new offices there. It intends to develop more than 1 million square feet of space and consolidate its investment banking operations into its new European headquarters. The building will house four trading floors expected to be more than 72,000 square feet each and will accommodate more than 5,000 investment bankers.

Goldman Sachs also is in the process of building a brand-new building in lower Manhattan. The 43-story tower is slated for completion in 2009 and will feature more than 2.1 million square feet of space for 9,000 employees, complete with six trading floors. Those new trading floors will measure up to 72,000 square feet each and have room for more than 900 traders per floor, according to published reports.


Your Guide to the Ultimate Trading Floor
Firms are vying for prime real estate as they seek to build bigger and more technologically advanced trading floors. But what goes into building the ultimate trading floor?

UBS Trading Floor Driven By Propriety Technology
About 80 percent of the trading technology used at the firm is internally developed.

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.