Fat fingers & the colossal damage they do !

Brokerages should emphasize the importance of internal checks and controls over & over again

A typing error by a clerk at the Tel Aviv Stock Exchange caused one of Israel's largest investment firms to lose nearly 100 percent of its market value on Sunday

2-3 days back NASDAQ closed trading for 3 hours

a Chinese brokerage firm error shot the whole market up by 5%

The weakest link can sometimes ...punch you in the face & HARD too

 

Posted on September 13, 2013 and filed under Red Flags.