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-   -   Tokyo broker made an error - $225 Million loss (https://gfy.com/showthread.php?t=549804)

CamRabbit 12-08-2005 05:18 PM
Tokyo broker made an error - $225 Million loss
 
Sold 610,000 shares at 1 yen (less than .01 cent) instead of 1 share at 610,000 yen ($5,080 share). CPU warned of input error, but they put through transaction anyway - sounds like one of my employees.

gangbangjoe 12-08-2005 05:19 PM
source ?

eight chars

pornguy 12-08-2005 05:20 PM
Why was it not me that bought those????

CamRabbit 12-08-2005 05:20 PM
http://www.forbes.com/finance/feeds/...fx2379862.html


Seriously, the guy should do teh sepuku thing.

Bluewire Ross 12-08-2005 05:29 PM
harakiri!

Alex 12-08-2005 05:31 PM
Fuck, and the guy was outsourced too?
Should teach them a lesson

JFK 12-08-2005 05:32 PM
Quote:
Originally Posted by Bluewire Ross
harakiri!
Right on , its the honourable thing to do :pimp

crockett 12-08-2005 05:32 PM
gotta love the fat fingers.. I dunno how anyone can trade and not use the preview option before you hit the trade button..

Doctor Dre 12-08-2005 05:41 PM
Jeez I'd suicide myself after doing a such error

reynold 12-08-2005 07:31 PM
Never underestimate the destructive power of a screwed up CPU... :(

sonofsam 12-08-2005 07:33 PM
hahahahahaha

its that's not the polaroid for OWNED, i don't know what is

Spunky 12-08-2005 07:48 PM
Ouch..that would hurt real bad

gg1e21 12-08-2005 07:54 PM
Quote:
Originally Posted by CamRabbit
Sold 610,000 shares at 1 yen (less than .01 cent) instead of 1 share at 610,000 yen ($5,080 share). CPU warned of input error, but they put through transaction anyway - sounds like one of my employees.
"CPU" warned of error? :1orglaugh

sfera 12-08-2005 07:56 PM
hell have his balls cut off

Marshal 12-08-2005 08:44 PM
what actually happened with the guy?

Trixxxia 12-08-2005 08:48 PM
Guess he won't live that one down - Yikes!!

Shoehorn! 12-08-2005 09:26 PM
Damn, that sucks.

reed_4 12-09-2005 01:42 AM
That really sucks.

dunefield 12-09-2005 01:47 AM
someone should donate him a free funeral service...

PixeLs 12-09-2005 02:33 AM
I thought these people are good at numbers.. :(

adamneve 12-09-2005 02:49 AM
oh my, that's some BIG mistake

ssp 12-09-2005 03:45 AM
Quote:
Originally Posted by gg1e21
"CPU" warned of error? :1orglaugh
http://www.boonecountyky.org/BCSWM/Images/NerdAlert.gif

justsexxx 12-09-2005 03:47 AM
Strange thing is, that there are not even 610.000 shares of that fund...So I would fire the programmer too....

Vitasoy 12-09-2005 09:15 AM
Ouch sucks to be him

Verbal 12-09-2005 09:28 AM
so what happens to that money? Does it just 'disappear'?

DraX 12-09-2005 09:30 AM
Quote:
Originally Posted by CamRabbit
Sold 610,000 shares at 1 yen (less than .01 cent) instead of 1 share at 610,000 yen ($5,080 share). CPU warned of input error, but they put through transaction anyway - sounds like one of my employees.
What a big mistake......

Manowar 12-09-2005 09:30 AM
:1orglaugh :1orglaugh

Phoenix 12-09-2005 09:33 AM
he will be pushed out of a helicopter while on an ocean scenic cruise

Harrison Richard 12-09-2005 09:41 AM
Quote:
Originally Posted by justsexxx
Strange thing is, that there are not even 610.000 shares of that fund...So I would fire the programmer too....
More likely the programmer's manager:


Manager: We need this tomorrow!

Programmer: I won't have time to do all the testing and error checking if we go live tomorrow.

Manager: Will it let you put through trades?

Programmer: Yeah, but--

Manager: Tomorrow then!


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