Fat finger error deutsche bank
BBC News. Please wait The following processes and procedures may reduce fat finger errors:. This is because when such an error occurs, it should be caught in an internal system known as "bear trap" which has been in place since a similar error took place in Horse Racing. Fat finger errors have featured in other recent news stories as well. From Wikipedia, the free encyclopedia. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
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Init was believed a. Germany's biggest bank said an “operational error” led to the accidental collateral payment of €28 billion ($35 billion) to an exchange it does.
Another major company has fallen victim to the inelegant fingers of fallible humans, as it was revealed that a typo accidentally led Deutsche.
The idea was that a trader had entered an order incorrectly, placing the order in the billions rather than the millions. US Show more US.
Video: Fat finger error deutsche bank What is a Fat Finger Error? 😣 How To Identify 'Fat-Finger' Trades!
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A fat-finger error is a keyboard input error or mouse misclick in the financial markets such as the Ina junior employee at Deutsche Bank whose superior was on vacation confused gross and net amounts while processing a trade. Deutsche Bank paid $6bn to a hedge fund client by mistake in a “fat finger” trade on its foreign exchange desk this summer that raises fresh.
Authorization : Requiring authorization for trades that are over a specified amount can reduce fat finger errors.
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