Goldman Sachs Group has vaulted past Wall Street rivals to become the top global player in Taiwan’s equity trading market, capitalizing on surging demand from quant funds for artificial intelligence exposure.
The Wall Street bank has risen from 10th place in early 2025 to become Taiwan’s largest foreign brokerage by trading volume in the first half, overtaking rivals including JPMorgan Chase, and Morgan Stanley, according to exchange data. Goldman now ranks as the fourth-largest broker overall, rivaling the biggest domestic firms.
The primary driver behind Goldman’s market-share gains has been a rapid expansion of its coverage of high-frequency trading and quantitative clients, according to people familiar with the matter, who asked not to be identified discussing private matters.