Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×

+ - Market sell-off caused by trader's fat-finger->

Submitted by s122604
s122604 (1018036) writes "Stock market's extraordinary volatility may have been caused by fat-fingered entry.
Article is reporting that the catalyst for today's extradorinary price swing (at one point the Dow lost almost 9 percent in less than an hour) may have been because a trader entered a 'B' for billions instead of an 'M' for millions on a trade of Procter and Gamble:

"According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff."
br. Unbelievable there are no safeguards to protect against this."

Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Market sell-off caused by trader's fat-finger

Comments Filter:

"Oh what wouldn't I give to be spat at in the face..." -- a prisoner in "Life of Brian"

Working...