3 ms·

There was a very expensive stock-trade mistake when someone issued a sell order, typing 'b' instead of 'm' for 'million'. Market dropped a significant fraction

There was a very expensive stock-trade mistake when someone issued a sell order, typing 'b' instead of 'm' for 'million'. Market dropped a significant fraction in seconds.

fr0sty 14y ago
If you are talking about the US "Flash Crash" that theory is little more than urban legend. Here is one of the "b" instead of "m" stories published on the day of the crash: http://www.cnbc.com/id/36998463 http://www.cnbc.com/id/36998463 Here is the Wikipedia summary of the event which lists "fat finger trade" as one of the discredited theories: http://en.wikipedia.org/wiki/2010_Flash_Crash#Early_theories http://en.wikipedia.org/wiki/2010_Flash_Crash#Early_theories