> Goldman Sachs as a company is geared to do complex low-volume, high-margin deals. They trade billions of dollars of equities on exchange per day globally. U

> Goldman Sachs as a company is geared to do complex low-volume, high-margin deals. They trade billions of dollars of equities on exchange per day globally. Usually, each fill is tiny. Then do plenty of simple, high volume, low margin business. Same for spot FX, FX/equity options, all types of futures. Tiny margin, and Goldman is big in all of them. It is funny that you think Goldman is so monolithic. They have 45,000 employees, and a vast array of businesses. As a related point, JPMorgan is both a mega commercial/retail bank plus ibank. They do both types of transactions.