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To: Lamont who wrote (7317)10/15/1998 6:12:00 PM
From: SIer formerly known as Joe B.  Read Replies (1) | Respond to of 62543
 
Trader sends market diving by leaning on keyboard

Thursday October 15 5:10 PM EDT
dailynews.yahoo.com

PARIS (Reuters) - Electronic trading may be cheap, but leaning
on the keyboard can be costly.

A mystery plunge in the value of French 10-year bond futures on
July 23 was triggered by a bank trader at Salomon Brothers in London who accidentally and repeatedly hit the ''Instant Sell'' button,
investigators said Thursday.

A wave of 145 separate sell orders sent the price diving on
electronic screens.

''The disputed trades arose as a result of the prolonged, unintentional and inadvertent operation of
the 'Instant Sell' key,'' said an investigation by computer software firm Cap Gemini and security group Kroll Associates.

Salomon Brothers declined to comment on any losses.




To: Lamont who wrote (7317)10/16/1998 11:20:00 AM
From: taxikid  Read Replies (2) | Respond to of 62543
 
is "been there... done that..."
an appropriate reply?
taxi