We Just Got A Glimpse Inside Wall Street’s Con Game

On Tuesday morning, Goldman Sachs let its computers run; too bad for Goldman they got out of the corral and ran wild.

Some kind of programming error triggered unintended option orders. And within 17 minutes after the markets opened, the damage was done.

By some estimates, Goldman could lose up to $100 million.

So what caused it?

It could have been a fat-finger… or it could have been a “ghost in the machine”… or it could have been a window into the reality of high-frequency game theory and its application.

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