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  1. #1

    • Darkbeer
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    Have you ever made a mistake? Well, not as big as this one!!!

    http://www.timesonline.co.uk/article...917093,00.html


    CLUMSY typing cost a Japanese bank at least £128 million and staff their Christmas bonuses yesterday, after a trader mistakenly sold 600,000 more shares than he should have.


    The trader at Mizuho Securities, who has not been named, fell foul of what is known in financial circles as “fat finger syndrome” where a dealer types incorrect details into his computer. He wanted to sell one share in a new telecoms company called J Com, for 600,000 yen (about £3,000).
    Unfortunately, the order went through as a sale of 600,000 shares at 1 yen each.

    That error alone would have been bad enough, but the consequences were much worse because 600,000 shares represents more than 40 times the total number issued by the company, and the vast discrepancy effectively created a technical shortage of shares, worth about £1.6 billion.
    Despite Mizuho’s attempts to rectify the mistake, some estimates put the possible financial damage to the firm at about 60 billion yen — a figure that may be big enough to destabilise the securities arm of what is one of the four largest financial groups in the world.
    FYI, 128 million British Pounds is about $225 million US dollars....
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  2. #2

    • MiceChat Round-Up Crew
    • Nikon +Disneyland = :)
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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    Ouch! I can't imagine looking at my screen thinking I just cost my company 200 million bucks!

    (Darkbeer - I thought this thread was about California Adventure! )

  3. #3

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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    No, but when I started working here, someone did make a mistake that cost us a couple million!!!
    Good morning, son
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    And I can tell you 'bout today
    And how I picked you up and everything changed
    It was pain
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    I knew you'd feel the same things...





  4. #4

    • Prefect
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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    OMG!! poor guy!
    <o>

  5. #5

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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    I'm just wondering what it is about "the system" that refuses to recognize that this was an obvious error and just correct the order.
    "Yesterday, a man walked up to me and said, 'Isn't it a shame that Walt Disney couldn't be here to see this?' and I said, "He did see this, that's why it's here."
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  6. #6

    • Minion
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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    Quote Originally Posted by Tom Chaney
    I'm just wondering what it is about "the system" that refuses to recognize that this was an obvious error and just correct the order.
    Agreed there! Rules are rules, but man, sometimes you gotta bend them a bit for the good of all involved!

  7. #7

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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    Geez, I could never imagine this, but having fat fingered a few posts, I could see this happening. Imagine this guy will probably made a public nuiscance, and be on the street unfortunately, how sad.
    1st Amendment-Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

  8. #8

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    Re: Have you ever made a mistake? Well, not as big as this one!!!

    Ah that sucks


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