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muriel_volestrangler

(101,311 posts)
Thu Oct 2, 2014, 11:52 AM Oct 2014

Japan stocks rattled by $617bn 'fat finger' trading error

Japan's stock markets were rattled after a trading error caused more than $600bn (£370bn) worth of orders to be made and then cancelled.

An anonymous broker entered an over-the-counter trade for 42 stocks before swiftly cancelling it on Wednesday.
...
"A member company traded 42 issues at the off-exchange transaction at 09:25 on 1 Oct, 2014," JSDA said in an emailed statement. "This was, however, their error."

"After all of these reports were cancelled at 09:43, the revised correct report was made at 13:44".

http://www.bbc.co.uk/news/business-29454265

So that was 18 minutes until cancellation. I'm amazed it didn't cause more problems.
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