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$460 million vanished in minutes when Knight Capital Group deployed code to the wrong servers in 2012. http://en.wikipedia.org/wiki/Knight_Capital_Group http:/
by nknighthb 13y ago
$460 million vanished in minutes when Knight Capital Group deployed code to the wrong servers in 2012.
http://en.wikipedia.org/wiki/Knight_Capital_Group http://en.wikipedia.org/wiki/Knight_Capital_Group
Mizuho Securities lost around $400 million when a Tokyo Stock Exchange trader fat-fingered an order in 2005.
http://en.wikipedia.org/wiki/Mizuho_Securities http://en.wikipedia.org/wiki/Mizuho_Securities
- crucifiction 13y agoBoth were point mistakes, which I think anyone would agree are bad but just huge mistakes. Running what is effectively a bank that loses $400m over the course of a couple of years in a constant bleed is not a mistake, it is negligent.
- nknighthb 13y agoThe person I replied to suggested it wasn't negligence. Maybe you should argue about what words mean with him, first?