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Supposedly it was a "fat-finger" by a Chinese state-owned equity firm (Everbright securities). In other words, an arbitrage algo gone wrong. Cost the firm $1 bi
by washedup 13y ago
Supposedly it was a "fat-finger" by a Chinese state-owned equity firm (Everbright securities). In other words, an arbitrage algo gone wrong. Cost the firm $1 billion and they are now suspended from trading for who knows how long.