who's getting fired?

Discussion in 'Wall St. News' started by krazykarl, May 6, 2010.

  1. Ok, which one of you assholes put the extra zeros on the sell order?

    Seriously though, anyone know which desk it was?
  2. They're saying it's CITI
  3. rcj


    Hey ...this was more FUN than the SocGen unwind :D
  4. TGregg


    Billion, million, sound the same to me, how different can they be?

  5. What might have happened if the T key was in the bottom row..
  6. risky63


    that trade can't happen with just a click of the mouse....it gets kicked back because of parameters that are set in the software.
    it can go thru after 3 verifications of intent.
    and it still would not happen because of the lack of a market at that size even if rolled into.
  7. kaciara


    agree... the crash lasted several minutes

    doesn't seem an error
  8. piezoe


    Now, that is a good point Risky!
  9. kaciara



    Citigroup Inc. said it found “no evidence” that it was involved in erroneous trades after U.S. equity markets plunged today.

    “We, along with the rest of the financial industry, are investigating to find the source of today’s market volatility,” bank spokesman Stephen Cohen said in a statement. “At this point, we have no evidence that Citi was involved in any erroneous transaction.”
  10. Giucco


    Seriously Human Beings do not control trading no more at these firms. Its all computer programs "a la Skynet." They supposed to be smarter, faster, and more efficient than us.

    I guess some computer model gets disabled or the programmer gets his butt handed to him.
    #10     May 6, 2010