Tuesday 27/8/2013==Compact messages Lowy Institue Sydney K Rudd Live -- Notes

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, [6], 7, 8, 9, 10 ]

Subject: Tuesday 27/8/2013==Compact messages Lowy Institue Sydney K Rudd Live

Author:
Greg13=1582Sun24/286 International relations China Japan

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 10:21:20 08/27/13 Tue

....HOMETAX TIME 2013NEWS & OPINIONINVESTING
.Market StatsCurrenciesOnline TradingEducation.
MY PORTFOLIOS
.Sign in to access your portfolios.
PERSONAL FINANCE
.Money ManagerVideosExpertsTips & ToolsReal EstateInvestingFame & FortuneCompare RatesForumsPhotos.
SMALL BUSINESS
.StartupFinanceManagingGrowingMarketingTechnologyOnlineFranchisingInnovationConnectKBB TV.
VIDEOExpert OpinionCOMPARE RATES
.Home loansCredit cardsSavings depositsTerm depositsPersonal loansCar loansSmartphonesBroadbandElectricity pricesGas pricesLife insuranceCar insuranceTablets.
..Australian DollarTop StoriesStock MarketColumnistsCurrenciesCompaniesSmall BusinessVideo.........Search for share prices .Tip : Use comma (,) to separate multiple quotes. Learn more...
Finance Search .......Tue 27 Aug 2013 9:18 - Australia Markets open in 42 mins
.............YOUR FRIENDS' ACTIVITYprev next .....YOU ON YAHOO! FINANCEYour Activity |Social: OFFON Turn Social ONRemind me when I share|Options What is this?Not you? Log out of FacebookHow to remove this experience.......Goldman losses from options glitch in tens of millions -source

By Doris Frankel and Lauren Tara LaCapra | Reuters – 3 hours ago
....Email 0Recommend0Tweet0Share0Print.....Related Content.
..
View Photo.A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/Files
....By Doris Frankel and Lauren Tara LaCapra

(Reuters) - Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday.
Last Tuesday, an upgrade of Goldman's internal system affected options on stocks and some exchange-traded funds with symbols beginning with the letters H through L, leading to trades vastly out of line with market prices.

Roughly 80 percent of the erroneous option-market contracts traded on NYSE Euronext's two option platforms NYSE Arca Options and NYSE Amex options were cancelled, according to a second source close to the situation.

The two platforms have collectively handled about 23 percent of equity and index options trading in August, according to data from OCC, formerly known as the Options Clearing Corp, which clears all U.S.-listed options.

NYSE Euronext said it completed a review and appeals process last week but declined to give further details.
The options trading snafu was the first of what was a rough week for trading last week, as it was followed by a three-hour shutdown of the Nasdaq Stock Market due to connectivity issues on Thursday.

Earlier, the Financial Times reported that Goldman Sachs put four senior technology specialists on administrative leave as a result of the trading mishap. The report cited people familiar with the situation.

Goldman Sachs said in a statement on August 20 that it did not face material loss or risk from the problem, but declined to comment further.

Exchange operator CBOE Holdings Inc , which has the largest market share in combined single-stock and index options at 29 percent so far in August, completed its review process last week, but it did not comment on the number of trades affected.
A spokeswoman for the International Securities Exchange, confirmed that a majority of the trades under review at ISE were adjusted and not canceled. ISE, which is owned by Germany's Deutsche Boerse AG , did not disclose any other details.
Nasdaq OMX Group Inc's which operates three option venues, declined to comment.
(Reporting by Lauren Tara LaCapra in New York and Doris Frankel in Chicago; Editing by David Gregorio)

....@y7finance on Twitter, become a fan on Facebook

[ Next Thread | Previous Thread | Next Message | Previous Message ]