The Latest Algo Gone Wild: British Pound Gets Rocked After Improper Sell Order

Discussion in 'Wall St. News' started by falcontrader, Jul 21, 2010.

  1. 400 mil. ? Ay, ay, ay. Don´t drink and d(r)ive...:)
     
    #11     Jul 21, 2010
  2. many of these errors or whatever you want to call them, never lead to full P&L responsibility for these guys, make it so that they have to eat it, and risk models/parameters will improve overnight.
     
    #12     Jul 21, 2010
  3. A hundred pip spike in forex qualifies as news these days? :confused:
     
    #13     Jul 21, 2010
  4. Rabo Bank??

     
    #14     Jul 21, 2010
  5. lol Ive seen a few 400 mil cable errors in my day... if one had been my fault I wouldnt have lived to tell about it. Somethings rotten in denmark tonight, and its someones head in a dumpster lol.
     
    #15     Jul 22, 2010
  6. I can neither confirm nor deny, but do you know of another Dutch bank whose name starts with an 'R'?
     
    #16     Jul 22, 2010