Jump to content

How a stray mouse click choked the NYSE & cost a bank $150K


nsane.forums

Recommended Posts

stock_army_ars-thumb-230x130-7306-f.jpg

fat fin·ger |fat 'fi NG gÉ™r |,
verb
, to enter a trade order incorrectly into an electronic stock trading system:
He fat-fingered that sell order by accidentally adding two zeroes.

The term comes from the idea of a clumsy, "fat-fingered" typist, who presses extra keys without being aware of it.

As the practice of high-frequency trading continues to become more widespread, concerns are growing that erroneous trades carried out by "algos gone wild"—a sort of digitally amplified version of the "fat finger" phenomenon—could cause a market crash at Internet speed, a meltdown that no one could stop. Two recent market glitches could provide a preview of what's to come.

view.gif View: Original Article

Link to comment
Share on other sites


  • Views 697
  • Created
  • Last Reply

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...