Monday, May 10, 2010

No Down Days for Goldman Sachs

Goldman in a quarterly regulatory filing said it did not lose money trading on any day the first quarter of 2010.  It said trading revenue on more than 35 days exceeded $100 million.

I really want to know how much of these profits occurred in trades with the Federal Reserve Bank of NY, where it acts as a primary dealer.

1 comment:

  1. When the down day hit, nearly 1,000 points on the DJIA, Goldman Sachs disappeared as a supplemental liquidity provider. One role of a primary dealer.