I am highly skeptical of this being a software glitch and here is why: I have been working for banks' brokerage and capital markets groups for years and the am

I am highly skeptical of this being a software glitch and here is why: I have been working for banks' brokerage and capital markets groups for years and the amount of checks and reviews processes that they have put in place is just incredible. One does not simply deploy a new software into production without there being several small pilot runs, staging tests etc. etc. There are committees with onerous questionnaires and test results compiled by QA that need to be documented and approved before a new deployment is approved. Therefore I don't see this being a software issue. If the checks were not in place then it seems that the management was lax in safeguarding its capital.