Berkeley CSUA MOTD:Entry 38398
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2024/11/23 [General] UID:1000 Activity:popular
11/23   

2005/7/2-5 [Computer/SW, Computer/SW/Mail] UID:38398 Activity:nil
7/2     Bad software interface causes loss of more than $12 million:
        http://tinyurl.com/dqd2m (news.com)
2024/11/23 [General] UID:1000 Activity:popular
11/23   

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tinyurl.com/dqd2m -> news.com.com/Bad+keystroke+leads+to+251+million+stock+buy/2100-1030_3-5772264.html?tag=st_lh
TalkBack A Taiwan stock trader mistakenly bought $251 million worth of shares with a misstroke of her computer keyboard, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job. The trader with Fubon Securities miskeyed in a small order from Merrill L ynch on Monday, creating confusion when many small companies inexplicabl y surged past the 7 percent trading limit. "Something like this is difficult to explain to superiors," a Fubon execu tive said Tuesday. Next Fubon said that the trader was unfamiliar with new computer systems and w ill be fired. The company will also examine its procedures of placing or ders, it said. "There is a paper loss of more than $400 million (in Taiwan dollars)," th e executive said. "However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term."
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news.com -> news.com.com/
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