Goldman Sachs Working With Exchanges to Resolve Options Trades
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Goldman Sachs Group Inc. is working with exchanges to resolve faulty options trades that roiled markets this morning and any losses “would not be material to the financial condition of the firm,” according to an e-mail from spokesman David Wells.
At least three operators of U.S. options exchanges are reviewing trades that took place at the beginning of the day and NYSE Amex Options said most of the transactions may be canceled.