4 ms·
And the rules defining what is 'clearly erroneous' and what is not is intentionally made vague because arbitrage of this clause makes the exchanges money.
by feiofh398r39rty 9y ago
And the rules defining what is 'clearly erroneous' and what is not is intentionally made vague because arbitrage of this clause makes the exchanges money.
- traek 9y agoIn what sense is this “arbitrage”?
- feiofh398r39rty 9y agoThey stand as the arbiter of who will gain money and who will lose. There basically is a series of cases 'erroring parties vs Goldman' and 'erroring Goldman vs other parties' and whether Goldman will lose money is decided by an Exchange (hint: they rule in Goldman favor every time, making an analogy with forced arbitration even more proper)