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New York Stock Exchange: "We Screwed Up"
The story of Goldman's missing PT data has now entered the twilight zone.
Matt
Goldstein at Reuters reports that Goldman spokesman Michael Duvally notified
him that Goldman did in fact not only perform its usual NYSE SLP domination, but
also reported of this, as it does every week:
Matt
Goldstein at Reuters reports that Goldman spokesman Michael Duvally notified
him that Goldman did in fact not only perform its usual NYSE SLP domination, but
also reported of this, as it does every week:
“According to the data Goldman Sachs submitted, we are certain we
were among the
top firms in terms of program trading volume for the week
ending June 26.”
And guess who is taking the blame: our old friend
Ray Pellecchia over at the NYSE:
“Due to an error on our part, the program trading report needs to be
revised and we will have a revised list out later this week. It was a system
error on our part.”
Ray... just what system does the NYSE use that
mysteriously drops the top Program Trading participant: is there a [if shares
traded > 1 billion; AND; NYSE vows to Zero
Hedge infinite transparency, do "Report 0"] line somewhere in that
particular system? Our debugging skills are a little rusty but we would be happy
to go through the code line by line and find all other comparable possible
systemic errors. In fact, we would make it a crowdsourced event and allow all
our readers to participate in that endeavor. Imagine just how bug free the NYSE
system would be as a result of this voluntary venture. Of course, this would
also prevent such dramas as 15 extra minutes of trading tacked on during the
lowest volume day of the year, due to the NYSE's inability to clear and process
this abnormally low trade volume.
Of course, Zero Hedge
will gladly report the "adjusted" weekly PT data to the millions of people who
have all of a sudden found a great interest in the NYSE's PT reporting.
Furthermore, all those millions have somehow found their way to our new website,
which unfortunately is still in the process of transferring over to its new much
faster servers, and as a result of the unexpected explosion in traffic, has been
either down or painfully slow all day. We appreciate readers' patience as we
address this unprecedented traffic spike.
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All good, we'll wait until ya get this old ship humming again. Is there an address where we can donate servers and switches?
Keep up the good work!
Hey, Goldman!
The grass isn't tall enough to hide behind!
Just blame it on the NYSE summer intern, right?
Thank god for everyone involved with Zero Hedge! All the thanks and support from a proud American in Iraq who is embarrassed and ashamed that our country is being ass raped by some sons of bitches that will get whats come to em. I do my all to spread the word over here what the "real American Economy" looks like. But despite being attached to some of the brightest that USSOCOM has to offer, they are still sheep when it comes to the finances. God Bless
D Seaman
Nothing like a nice vacation right?
We the NYSE screwed up(for you) but we did right by Goldman Sachs(who needed to dump their longs on the sly as they found out they were going to get skunked by the Russian Mafia and Sergei.)
God Bless America!
I was a little concerned this morning when I got an "unable to connect" when trying to check ZH. I was thinking conspiracy theories until I decided that lots of new traffic.
Yeah I don't really buy this b.s., how on earth can you possibly miss the largest bhc, and what has been the largest 'liquidity' provider? An oversight? That's a pretty massive oversight no?
I think what we're really seeing is some of the fabrications are starting to come undone. The real problem with lying is you can't lie once, you have to do it again and then reinforce it and then again and again. Eventually you will slip up, here is one instance, I expect it to be more frequent, or much less transparent.
Stop the damn conspiracy theories. They screwed up the data, everyone noticed, and now they are going to fix it. Incompetence is the Occam's Razor explanation here...
Incompetence is the conspiracy.