A brief history of Wall Street’s fat finger problem
May 23, 2024 / /
A SINGLE Citigroup trader caused havoc in European stocks in 2022 after the simplest of blunders: The staffer entered the value of stocks they wanted to buy into the wrong field of the bank’s trading system. The mistake triggered a five-minute selloff in European stocks from France to Norway, with US$1.4 billion worth of equities sold in error.
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