who's getting fired?

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.
 
Quote from 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.
More...

agree... the crash lasted several minutes

doesn't seem an error
 
Quote from 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.
More...

Now, that is a good point Risky!
 
http://www.bloomberg.com/apps/news?pid=20601087&sid=ab4uvSAmvBl8&pos=2

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.”
 
Quote from krazykarl:

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

Seriously though, anyone know which desk it was?
More...

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.
 
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