Hacker News Reader

>we do a lot of business together and I make you a lot of money >Other banks are watching and there are plenty of other exchanges to do business with

And the answer to that should be "sorry, if we will roll back your trade, SEC will put us out of business on the fraud charges".

View on HN

Every exchange that I’m aware of has a rule allowing them to roll back clearly erroneous transactions. “Clearly erroneous” isn’t always clearly defined, but it would obviously apply in the GS case (huge volume executed at $1).

Nothing about this is fraud.

There is a cosmological reason why you do not hold a position as a financial regulator

Reply on news.ycombinator.com