Goldman's Paperwork Flub - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Goldman's Paperwork Flub
Started:June 26th, 2011 (04:19 AM) by GridKing Views / Replies:619 / 0
Last Reply:June 26th, 2011 (04:19 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Goldman's Paperwork Flub

Old June 26th, 2011, 04:19 AM   #1 (permalink)
Elite Member
San Diego, CA USA
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
GridKing's Avatar
Posts: 3,650 since May 2011
Thanks: 588 given, 876 received

Goldman's Paperwork Flub


Goldman Sachs Group Inc. had no standard contracts in place to protect itself when it made $1.3 billion in options trades for Libya's sovereign-wealth fund controlled by Col. Moammar Gadhafi, according to people familiar with the situation.

While such contracts aren't required by law, they are routine operating procedure at banks and securities firms around the world when structuring derivatives transactions in opaque markets such as credit-default swaps, futures and options.

The documents usually include crucial information such as the financial and pricing data each party must provide to the other, what happens if either side reneges on its obligations ...

Goldman's Paperwork Flub: Lack of Basic Contracts With Libya Deepened Conflict -

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Goldman's Paperwork Flub

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Goldman Sued For More Than $100 Million kbit News and Current Events 0 August 16th, 2011 09:01 AM
Goldman Discloses CFTC Probe kbit News and Current Events 0 May 10th, 2011 06:29 PM
Meredith Whitney to Goldman: What's the Endgame? Quick Summary News and Current Events 0 April 19th, 2011 06:00 PM
Berkshire Will Not Exercise Goldman Warrants Now Quick Summary News and Current Events 0 March 20th, 2011 02:10 AM
Geithner Struggles to Shake Goldman Ties He Never Had Quick Summary News and Current Events 0 August 20th, 2010 08:40 AM

All times are GMT -4. The time now is 10:22 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-24 in 0.05 seconds with 19 queries on phoenix via your IP