TIMELINE

TRAD­ING FLUKES

China Daily (Hong Kong) - - FRONT PAGE -

• Dec 8, 2005

Bro­ker at Mizuho Se­cu­ri­ties in Ja­pan, en­trusted by client to sell a J-Com Co share at 610,000 yen ($6,260), sells 610,000 shares at 1 yen each, trig­ger­ing mar­ket panic. The Ja­panese se­cu­ri­ties com­pany was hit by a loss of 27 bil­lion yen when it de­cided to buy back the shares.

• Jan 19, 2006

Nas­daq trad­ing sys­tem hit by tech­ni­cal fail­ures, with main news web­sites show­ing wrong in­for­ma­tion for more than 1,500 share prices, lead­ing traders to make wrong in­vest­ment de­ci­sions.

• May 6, 2010

US trader types “bil­lion” in­stead of “mil­lion” when sell­ing stocks, spark­ing a sud­den slump in the Dow Jones in­dex, which falls to 9,869.62 from 10,458 in less than 10 min­utes, the sec­ond-largest daily de­cline in his­tory.

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