1998-11-03 - [Fwd: …prolonged, unintentional and inadvertent…]

Header Data

From: da5id@simons-rock.edu
To: cypherpunks@Algebra.COM
Message Hash: 14432d3248f32551903f0d77ec9f94a593a1628a30478f47ac2fcc48ba28a3aa
Message ID: <363F3CED.A5A4F1DF@simons-rock.edu>
Reply To: N/A
UTC Datetime: 1998-11-03 18:21:38 UTC
Raw Date: Wed, 4 Nov 1998 02:21:38 +0800

Raw message

From: da5id@simons-rock.edu
Date: Wed, 4 Nov 1998 02:21:38 +0800
To: cypherpunks@Algebra.COM
Subject: [Fwd: ...prolonged, unintentional and inadvertent...]
Message-ID: <363F3CED.A5A4F1DF@simons-rock.edu>
MIME-Version: 1.0
Content-Type: text/plain

 

To: 0xdeadbeef@substance.abuse.blackdown.org
Subject: ...prolonged, unintentional and inadvertent...
From: glen mccready <glen@qnx.com>
Date: Tue, 03 Nov 1998 11:30:26 -0500
Delivered-To: da5id@simons-rock.edu
Resent-Date: Tue, 3 Nov 1998 11:32:36 -0500
Resent-From: 0xdeadbeef@substance.abuse.blackdown.org
Resent-Message-ID: <"CF3sc1.0.UA3.D0pFs"@shell>
Resent-Sender: 0xdeadbeef-request@substance.abuse.blackdown.org


Forwarded-by: Nev Dull <nev@bostic.com>
Forwarded-by: "Geoffrey S. Knauth" <gknauth@bbn.com>
Forwarded-by: Tom Schuneman <elf@wavemark.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.







Thread