Friday, December 09, 2005

A Dyslexic Mistake

Talk about a big typo mistake. A Japanese brokerage firm accidentally entered an order to sell 610,000 shares of a new offering at 1 Yen. The firm was supposed to enter an order to sell 1 share at 610,000 Yen. This typo mistake cost the firm $225 million. Ouch! You have to feel bad for the broker / trader, who entered the order. Here's a link to the entire story: click here


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