REPORT: Goldman Sachs Lost Up To $100 Million On Bad Trades Today
Advertisement
REUTERS/ Brendan McDermid
Advertisement
The bank told Bloomberg it is now "working with exchanges" to resolve faulty options trades from this morning.
Trades in tickers beginning with the letters H through L during the first 17 minutes of trading today are being examined by NYSE Amex Options, Bloomberg also reported.
The development came after a large number of trades outside the normal price range flooded US options markets in the opening minutes of trading, stemming from NYSE Euronext and spilling out to rival exchanges.
Advertisement
A Goldman spokesman confirmed the error to Bloomberg news, saying that any losses "would not be material."
Advertisement
- OnePlus Nord CE 4 Lite to launch soon in India – expected price, specs and everything we know so far
- CBSE Class 12 results: 87.98% students pass exams, girls outshine boys
- Tata Motors shares tank over 9%, mcap declines by ₹29,946.88 crore
- Gold rate today: Latest gold rates in Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities
- Aadhar Housing Finance IPO allotment – How to check allotment, GMP, listing date and more
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market