3 ms·
> I really don't understand why Goldman should get a pass like this. They didn't. They cancelled a lot of the trades before they were hit and a whole bunch wer
by lucozade 9y ago
> I really don't understand why Goldman should get a pass like this.
They didn't. They cancelled a lot of the trades before they were hit and a whole bunch were filtered out at the exchange end because they were way off market. They lost $38mm from what wasn't caught by either.
In other words, they fucked up and lost money. And it's generally agreed that safeguards needed to be better. That was a big part of Mifid II.