Report: Goldman Sachs not only bank facing losses after trading error

Trading Floor - New York Stock Exchange

Goldman Sachs flooded the stock-options market with erroneous orders earlier this week. Are other banks entangled in the mess?

The NY Post reports that Goldman Sachs is not the only trading firm facing potential losses after the bank on Tuesday flooded the stock-options market with erroneous orders.

Options traders said yesterday that more than 24 hours since the incident, which lasted for about 20 minutes, they still weren’t sure whether some trades would stand, and whether firms other than Goldman would be saddled with losses on related transactions.

For the original story, please hit see the HITC article Goldman's unintended stock-option orders flood Amercan exchanges, which details the programming error that 'roiled markets'. The original story also highlights other notable examples of 'fat finger trade'.

To access the complete NY Post article hit the link below.

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