Biggest fat finger trade
Palladium hit its highest price in 6 weeks and is trading near $686.75/oz. Manipulative Gold 'Fat Finger' Or Algo Trade Worth $1.24 Billion The gold market was 11 Jul 2019 SHARES of the Philippines' largest budget carrier gained by a record 50% at the open Wednesday to partially recover losses triggered by a 12 Dec 2016 Stock Market Quotes, Business News, Financial News, Trading Ideas by man- made errors that could lead to huge losses in double-time. Fat-Finger Trading. A " fat-finger trade" is a trade marred by human error arising out of 10 Oct 2014 A dozen ways to avoid that $617bn 'fat finger' moment sorry for the anonymous broker in Japan who lost US$617 billion to a trading typo error. isn't the first time such errors have been made, but it's probably the largest.
2 Oct 2014 SHARE orders worth more than Sweden's entire economy had to be cancelled after the biggest 'fat finger' trade ever.
26 Feb 2009 The mistaken trade was one of the worst cases of "fat finger" errors, to sell shares in one of Japan's biggest advertising companies, Dentsu. 27 Apr 2010 His job required him to wake up in the middle of the night, do some calculations based on quotes, execute huge trades and go back to bed. Buffett 10 Dec 2005 Fat finger costs Japanese broker US$225m,It is known as fat finger on a stock trade, which could prove to be the most expensive trading error in history. ample embarrassment for Mizuho, Japan's second-biggest bank. 1 Oct 2014 A fat-fingered trade sent a spasm through Japan's stock market on or 57 per cent of the outstanding shares at the world's biggest carmaker. 11 Apr 2018 One of the world's largest “fat-finger” errors is creating more problems for Samsung Securities Co., a stock-trading arm of South Korea's 6 May 2010 Trading couldn't get more exciting than it was today. It staged a huge rally, but still closed down 348 points. This so-called fat-finger error occurred when a trader accidentally entered an order to sell a billion shares rather 16 Jul 2018 That so-called fat-finger error - an industry term for an inputting error - resulted in the day with total trading volume sharply increasing to 13 million shares, The country's largest institutional investor, the National Pension
‘Fat finger’ trades have happened before, although this is thought to be the largest one. Swiss financial giant UBS ordered 3 trillion of bonds from a video game company by mistake in 2009.
27 Apr 2010 His job required him to wake up in the middle of the night, do some calculations based on quotes, execute huge trades and go back to bed. Buffett 10 Dec 2005 Fat finger costs Japanese broker US$225m,It is known as fat finger on a stock trade, which could prove to be the most expensive trading error in history. ample embarrassment for Mizuho, Japan's second-biggest bank. 1 Oct 2014 A fat-fingered trade sent a spasm through Japan's stock market on or 57 per cent of the outstanding shares at the world's biggest carmaker. 11 Apr 2018 One of the world's largest “fat-finger” errors is creating more problems for Samsung Securities Co., a stock-trading arm of South Korea's
The biggest order in the fat finger trade was for 57% of Toyota – 1.96bn shares of the world’s biggest carmaker.
The year 2014 saw what could have been one of most expensive fat-finger trades ever. In October a series of accidental orders for shares in some of Asia’s largest corporations, including carmaker Honda and bank group Nomura, hit the country’s stock market one night, representing hundreds of billions of dollars of business. This explains why banks usually have to carry huge losses when clearly erroneous trades occurred that have not been detected within 30 minutes. Examples. Fat-finger errors are a regular occurrence in the financial markets: In 2001, UBS sold 610,000 Dentsu-shares at ¥6, instead of 6 Dentsu-shares at ¥610,000. The trade wiped-out London’s stock exchange and resulted in a £20,000 ($40,000) fine for the now-defunct Lehman Brothers. Australian ‘fat-finger’ trades Sydney, 2013
26 Feb 2009 The mistaken trade was one of the worst cases of "fat finger" errors, to sell shares in one of Japan's biggest advertising companies, Dentsu.
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In addition to the fat finger error, there will be a lot of talk about high-frequency trading and its affect. 8 Huge Questions To Think About Before Tomorrow > More: Stock Market Citi Fat Finger Error: A fat finger error is a human error caused by pressing the wrong key when using a computer to input data. Fat finger errors are often harmless but The fat-finger theory: In 2010 immediately after the plunge, several reports indicated that the event may have been triggered by a fat-finger trade, an inadvertent large "sell order" for Procter & Gamble stock, inciting massive algorithmic trading orders to dump the stock; however, this theory was quickly disproved after it was determined that Procter and Gamble's decline occurred after a significant decline in the E-Mini S&P 500 futures contracts. The biggest order was for 1.96 billion shares of Toyota Motors for 12.68 trillion yen. Image copyright AFP Image caption Japan is the world's second-biggest equities market after the US The fiasco was caused by a so-called "fat-finger" keyboard error by an employee of Mizuho Securities, who had only intended to sell one share in a manpower recruitment firm, J-Com, for 610,000 yen