Flash crash set off by ‘fat-fingered’ Citigroup trader could cost $50m
by Rupert Jones from World news | The Guardian on (#5ZZ9V)
Details emerge after London-based employee incorrectly added a zero to a transaction
A fat-finger error" by a London-based trader at Citigroup which triggered a flash crash across European stock markets could cost the bank at least $50m (39.8m).
The trader was working from home last month when they incorrectly added an extra zero to a trade, Bloomberg reported, quoting people familiar with the matter".
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