Fat Finger Trades!

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Daily finance newsletter which can be read in just five minutes each morning. two weeks ago when it mistakenly paid out a $24m fee to a large crypto miner. to compensate miners for the computing energy deversifi should have paid out around $5, on the blockchain, transactions are instantaneous, irreversible and anonymous. without safeguards in place, a polite request in this

Case, within days, the recipient paid the entire amount back in full. the recipient was one of the top 10 ethereum miners. crypto miners often want to be perceived as than keep the money (which they could have) deversifi is a defi platform that allows buyers crypto enthusiasts point to the fact that will harborne, the ceo of deversifi is obviously press that he wouldn’t

Recommend to anyone a fat-finger error, is a term used in finance the wrong key such that an order to buy or for the wrong financial product, at the wrong it is also a term used to describe most of some of these errors are reversed with a quick a few fat finger errors like this in the crypto its owner threatened to report the recipients alchemix – another defi protocol

Forgave 4.8 once again, almost everyone returned the funds once the error was pointed out. this protects both traders and brokerages in addition exchanges have rules in place most exchanges require you to request a cancellation often the trades will be cancelled, and the a dip or sold a spike, will think they have they have had the trade entry, but not the exit cancelled.

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The reason this happened is that they will in such situations due to the risk of having before i dig into the list, let me quickly the daily upside is a totally free daily email it has become the first thing i read each they don’t just give you a generic journalistic they had great content on evergrande and on whether you’re a financial professional, it’s totally

Free to sign-up, and they send in 2012, knight capital was one of the largest trading group had an average daily trading on the morning of august 1, 2012 they deployed buying shares in 150 different companies at a total cost of around $7 billion. they first tried to get the trades canceled after the “flash crash” meant that they thus only six out of the 150 different

Positions were eligible for cancellation. just as the buys had driven up the price of prices down, possibly to a point that would have wiped out the firm. at a $440 million discount, which wiped out most of knights trading capital. in 2001, dentsu, japans largest advertising agency went public. by ubs (one of the three investment banks it turned out to be one of the

Biggest and according to market rumors, a desk assistant, mistakenly keyed in an order to sell 610,000 shares at ¥16. the bank did keep its bookrunning position, ubs were reported to have lost $100m dollars that day. in april 2018, an employee at samsung securities of 2.8 billion won (which is around 2.5 million “won”, issuing roughly $100 billion of ghost shares.

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The company took 37 minutes to halt the trade, already sold the stock they had received – this samsung later fired these employees who had the incident raised questions about how easily so little oversight, and in the aftermath world’s third largest pension fund — said the south korean financial regulator later some operations of the firm for six months and imposed

A fine. this is a big trade – the dollar amount the transactions included a bid to buy 57 the huge orders were quickly cancelled, but desks as screens began showing huge volumes of trades in japans biggest stocks. the trade caused a 100-point drop in the dow jones average. a trader at the time was quoted in the news zero by accident but to put in three extra stupid”

Of course it was the early 2000’s in june 2017 a mystery trader rumored to be this video we will call – gold fat finger, or fat gold finger… i know, a few of you are thinking that this gordon would have pre-announced the sale so the hallmarks of a fat finger ‘muppet’” i’m not going to lie to you, this one is i got to refer to the guy as “gold fat finger,

And a fat finger muppet. don’t forget to check out our sponsor the if you enjoyed this video you will probably

Transcribed from video
Fat Finger Trades! By Patrick BoyleliveBroadcastDetails{isLiveNowfalsestartTimestamp2021-10-15T204908+0000endTimestamp2021-10-15T210323+0000}

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