Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 Internet speed test! ×

Submission + - Market sell-off caused by trader's fat-finger (cnbc.com)

s122604 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.

This discussion was created for logged-in users only, but now has been archived.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:

"Our vision is to speed up time, eventually eliminating it." -- Alex Schure

Working...