Stock market fat finger
A fat-finger error is a keyboard input error or mouse misclick in the financial markets such as the stock market or foreign exchange market whereby an order to buy or sell is placed of far greater size than intended, for the wrong stock or contract, at the wrong price, or with any number of other input errors. One of the largest fat-fingers in history occurred in 2014 when Japan’s stock market was unexpectedly flooded with $711 billion in orders for blue-chip companies like Toyota and Honda. Luckily, the trades were canceled prior to execution. Fat fingers. In the context of electronic trading, this refers to a trader incorrectly keying in an order. The New York Stock Exchange said it is investigating trading activity in 140 stocks, including Alcoa , Bank of America , Caterpillar and Dow Chemical between the market's open and 10:15 a.m. ET. The SEC also said it is "closely monitoring the situation" and is in "continuous contact with the NYSE and other market participants."
19 Aug 2013 Specifically, a bond trader's “fat finger” mistakenly added 25 basis points to the yield of government bonds in a 10 million yuan ($6.32 million)
27 Oct 2006 Japan's Mizuho Securities has filed a lawsuit against the Tokyo Stock Exchange ( TSE) seeking Y40.4bn ($350m) in compensation for losses it 1 Oct 2014 'Fat Finger' Error Blamed for $617 Billion Stock Orders Scrapped in Japan Over $600 billion worth of stock on the Japanese market was 16 Feb 2018 Beginning February 16, 2018, the Cboe BYX Exchange, BZX Exchange, EDGA Exchange, and EDGX. Exchange will enhance the Fat Finger 26 Feb 2009 The mistaken trade was one of the worst cases of "fat finger" errors, but UBS was able to cover the trade by buying up shares on the market, 27 Apr 2010 Fat Finger Trade Fallout. It is estimated that the loss incurred was about $225 million (USD). The Tokyo Stock Exchange was assigned 70%
Mr Tsurushima said the TSE, which was forced in a separate incident on 1 November to shut down for the first time since 1949 after a computer glitch, would "try its best to gain the trust of the
The gut-wrenching intraday drop of 998.5 points in the Dow Jones Industrial Average on Thursday last week has raised speculation that it was due to a so-called ‘fat-finger’ incident in which a trader inadvertently hits the wrong keys when placing a trade on the market. Knight Capital Group was behind a series of bizarre moves in otherwise thinly traded stocks early Wednesday.Knight spokesperson Kara Fitzimmons acknowledged that "a technology issue" occurred in its market-making unit that affected how shares for some 150 NYSE-listed stocks were routed. Mr Tsurushima said the TSE, which was forced in a separate incident on 1 November to shut down for the first time since 1949 after a computer glitch, would "try its best to gain the trust of the The shares were worth a significant amount — W112 trillion. As a result, attention is being focused on so-called “fat finger” mistakes in the stock market, which refers to typos made in transactions. There are two representative cases in Korea regarding such fat finger mistakes, which drew different decisions from the court.
The New York Stock Exchange said it is investigating trading activity in 140 stocks, including Alcoa , Bank of America , Caterpillar and Dow Chemical between the market's open and 10:15 a.m. ET. The SEC also said it is "closely monitoring the situation" and is in "continuous contact with the NYSE and other market participants."
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. The market declines that started in the U.S. rippled across Asia and Europe, leaving traders, investors and strategists befuddled as to how to cope with the sharp and sudden declines, particularly Mistaken trades are not uncommon, as demonstrated by incidents involving Deutsche Bank in 2015 and the Tokyo Stock Exchange in 2014. Those fat-finger events serve as vivid reminders that even when
Efficient Markets? Fat finger trades & flash crashes; these are terms that many of you might have heard on financial news channels or even seen plastered
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. The market declines that started in the U.S. rippled across Asia and Europe, leaving traders, investors and strategists befuddled as to how to cope with the sharp and sudden declines, particularly
Mistaken trades are not uncommon, as demonstrated by incidents involving Deutsche Bank in 2015 and the Tokyo Stock Exchange in 2014. Those fat-finger events serve as vivid reminders that even when