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Comment Re:Some are more equal than others. (Score 2) 140

Oh boy, you're right! Quoting the Wall Street Journal:

After sifting through each trade, exchanges canceled or adjusted many of the trades.

Their actions stanched what would have been an even more costly mistake. People familiar with the matter last week estimated that Goldman's losses could have reached hundreds of millions of dollars.

...

At NYSE Amex, the exchange will cancel trades in most cases of obvious error, unless the traders on both sides are market makers, or exchange members who facilitate the trading in a given stock's options to ensure fair and orderly markets. Goldman has a market-making unit, but in this case, NYSE Amex classified the orders as coming from a broker-dealer firm.

Looks like someone at GS read yesterday's news about the The Greatest Keyboard Shortcut Ever and did a CTRL+Z on the trades.

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