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Community Forums => The Lounge => Topic started by: Ironside on May 07, 2010, 09:04:14 PM



Title: why i could never be a trader
Post by: Ironside on May 07, 2010, 09:04:14 PM
they suspect that someone with fat fingers syndrome caused the dow jones to drop 9% in a matter of seconds yesterday when he hit a b instead of an m

selling off billions of shares at a cheap price instead of millions

costing his employers goodness knows how much

you think he will still have a job?


Title: Re: why i could never be a trader
Post by: Graham C on May 08, 2010, 12:53:22 AM
I'm not that in the know with financial computer systems but I'd expect something that importent would have more requirements than to press M for Millions or B for Billions required to actually make a trade.  I'm guessing Fisher Price doesn't make their systems?


Title: Re: why i could never be a trader
Post by: Ironside on May 08, 2010, 12:54:29 AM
I'm not that in the know with financial computer systems but I'd expect something that importent would have more requirements than to press M for Millions or B for Billions required to actually make a trade.  I'm guessing Fisher Price doesn't make their systems?

you would imagine so


Title: Re: why i could never be a trader
Post by: Chompy on May 08, 2010, 11:15:36 AM
Wondered why Drainy wasn't on the Luton nthread yesterday...


Title: Re: why i could never be a trader
Post by: thetank on May 08, 2010, 01:08:34 PM
How dubm can you be?


Title: Re: why i could never be a trader
Post by: LeKnave on May 08, 2010, 01:20:53 PM
when he hit a b instead of an m

million


Title: Re: why i could never be a trader
Post by: ZZZZZZZROPE on May 08, 2010, 02:43:33 PM
im sure he would have bought when it dropped that much knowing when ppl find out what happened it would rally back up, so he may not have lost that much


Title: Re: why i could never be a trader
Post by: 77dave on May 08, 2010, 02:49:30 PM
good job he didnt hit a T


Title: Re: why i could never be a trader
Post by: doubleup on May 08, 2010, 03:29:54 PM

There was a biggish thread on 2+2 about this.  Citigroup, who were the main suspects, issued a statement "denying any involbent"