Blankfein: Goldman Sachs's first S&P cash-and-carry trade was a record $100 million
Lloyd Blankfein · Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z · May 12, 2026 · at 46:04
Former Goldman Sachs CEO Lloyd Blankfein describes structuring a novel S&P 500 forward trade for Middle Eastern institutional investors early in his Wall Street career.
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“And the first order that came in, and this was like in, back when this was real money, was for a hundred million dollars worth of this. That was by far the biggest trade ever.”
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