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Wednesday, Aug 21
Goldman losses on erroneous trades could hit $100M
- Goldman Sachs' (GS) losses from erroneous trades that disrupted options exchanges yesterday could amount to $100M if they weren't canceled, the FT reports, citing market participants.
- The trades occurred on the NYSE Euronext, CBOE and Nasdaq, which are reviewing the transactions.
- The NYSE expects to void most of the trades.