On Air Now

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
51° Feels Like: 51°
Wind: SSW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 78°

Tonight

Thundershowers 65°

Tomorrow

Thundershowers 82°

Alerts

Goldman Sachs says exchanges working to resolve options trading issue

A Goldman Sachs sign is seen over their kiosk on the floor of the New York Stock Exchange, April 26, 2010. REUTERS/Brendan McDermid
A Goldman Sachs sign is seen over their kiosk on the floor of the New York Stock Exchange, April 26, 2010. REUTERS/Brendan McDermid

NEW YORK (Reuters) - Goldman Sachs said on Tuesday the U.S. stock exchanges are working to resolve an issue in options trading, which resulted in a review of a number of potentially erroneous options trades at the start of trading.

Goldman also said in its statement that the firm does not face material loss or risk from the issue.

A Wall Street Journal report, citing sources, earlier said some erroneous trades appeared to have been sent by Goldman Sachs' equity options unit.

(Reporting by Caroline Valetkevitch)

Comments