Seeking Alpha

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.
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Comments (3)
  • jimgutner
    , contributor
    Comments (69) | Send Message
     
    I guess the old adage "live by the sword, die by the sword" doesn't hold true for the likes of Goldman. When the "die" part kicks in they get rescued. Too bad that's not true for the likes of normal human beings like me and you!!
    21 Aug 2013, 06:59 AM Reply Like
  • aadamiani
    , contributor
    Comments (56) | Send Message
     
    Goldman Sachs gets rescued, what about the rest of us? The system is rig, Sick!
    21 Aug 2013, 07:28 AM Reply Like
  • swaps
    , contributor
    Comments (1237) | Send Message
     
    Just giving back chump change to the muppets.
    21 Aug 2013, 08:51 PM Reply Like
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