Trader's 'fat finger' costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market crash – Fortune
It’s officially one of the most expensive typographical errors in history. UK financial regulators have fined Citigroup Global Markets (CGML) $79 million for a typographical error. “Fat Finger” Trade One of the company’s employees was misplaced, causing a small market crash in 2022. Two years ago, a trader Citi Subsidiaries It did a standard transaction […]
ASML Drops With Tech as Traders Suspect Opening 'Fat Finger' – Yahoo Finance
(Bloomberg) — ASML Holding NV shares fell in the first few minutes of trading but quickly recovered, but traders blamed the unexpected decline on erroneous trades. Most Read Articles on Bloomberg Multiple stock traders say “fat fingers” – human error or even trades made by algorithms – may have been behind the initial stock price […]