Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

SI - Site Forums : Silicon Investor - Welcome New SI Members! -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (3585)	11/19/1998 4:03:00 PM
From: SIer formerly known as Joe B.	Respond to of 32871

Pressing Wrong Button Costs Millions Thursday November 19 10:57 AM ET dailynews.yahoo.com LONDON (Reuters) - A junior trader cost his firm roughly 10 million sterling ($17 million) by pressing the wrong buttons on his computer during a training exercise, the Daily Telegraph reported. The paper said the blunder caused panic on dealing floors throughout the City and caused the trader's firm, which is believed to be a German financial institution, to take part in a transaction worth around 11.5 billion sterling. The paper said screens flashed up with news that someone wanted to sell 130,000 German bond futures contracts worth in excess of 11.5 billion sterling.