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

[ASusilovic]

Quote from Martinghoul:

The name of the bank in question starts with an 'R', I'm told... Apparently, they pulled the plug on the machine when it got filled in arnd 400 mil.

400 mil. ? Ay, ay, ay. Don´t drink and d(r)ive...

 

[Copernicus]

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.

 

[SomeYoungGuy]

A hundred pip spike in forex qualifies as news these days?

 

[CPTrader]

Rabo Bank??

Quote from Martinghoul:

The name of the bank in question starts with an 'R', I'm told... Apparently, they pulled the plug on the machine when it got filled in arnd 400 mil.

 

[milktruck]

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.

 

[Martinghoul]

Quote from CPTrader:

Rabo Bank??

I can neither confirm nor deny, but do you know of another Dutch bank whose name starts with an 'R'?