Ponce
20th August 2013, 05:43 PM
Go to link for pretty pictures and bullshit.
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Goldman issues mistaken options orders
Prices in some contracts were roiled by the mistaken orders U.S. stock-options exchanges on Tuesday were reviewing a wave of mistaken orders tied to Goldman Sachs Group Inc. that hit just after the market opened, with many likely to be canceled, according to exchange officials.
Goldman Sachs /quotes/zigman/188479/quotes/nls/gs GS +0.59% mistakenly issued the orders into the stock-options market, roiling prices in some contracts early Tuesday.
A technical problem at Goldman unleashed orders that pushed some stock-options prices to $1 just after the market opened Tuesday, forcing exchanges to review the trades and potentially cancel many of them, people familiar with the matter said.
The erroneous orders, placed for options on securities with ticker symbols beginning with the letters H through L, drove some contract prices sharply lower, said traders, who suspected a misfired trading algorithm. The options were linked to both individual stocks and exchange-traded funds.
http://investmentwatchblog.com/boom-goldman-sachs-could-suffer-losses-over-100-million-on-erroneous-options-trades-placed-today/
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Goldman issues mistaken options orders
Prices in some contracts were roiled by the mistaken orders U.S. stock-options exchanges on Tuesday were reviewing a wave of mistaken orders tied to Goldman Sachs Group Inc. that hit just after the market opened, with many likely to be canceled, according to exchange officials.
Goldman Sachs /quotes/zigman/188479/quotes/nls/gs GS +0.59% mistakenly issued the orders into the stock-options market, roiling prices in some contracts early Tuesday.
A technical problem at Goldman unleashed orders that pushed some stock-options prices to $1 just after the market opened Tuesday, forcing exchanges to review the trades and potentially cancel many of them, people familiar with the matter said.
The erroneous orders, placed for options on securities with ticker symbols beginning with the letters H through L, drove some contract prices sharply lower, said traders, who suspected a misfired trading algorithm. The options were linked to both individual stocks and exchange-traded funds.
http://investmentwatchblog.com/boom-goldman-sachs-could-suffer-losses-over-100-million-on-erroneous-options-trades-placed-today/