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Old 03-26-2012, 07:44 AM   #11
Cadaverous Pallor
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Quote:
Originally Posted by Ghoulish Delight View Post
Except in this case it appears to be human error (someone punched in the wrong number). Would have been better off if a robot were doing it.
If a minor typo can cause fortunes to fail then it's still a case of being at the mercy of bad systems.

Quote:
Originally Posted by Alex View Post
And just as with nanosecond trading the circuit breakers can be that fast as well. The initial trade triggered the single stock breaker and trading was suspected for only 5 minutes.

It is being reported that only a couple hundred shares were traded at the depressed prices and NASDAQ has reversed those.
Thanks for the info - I didn't know they were on top of it like this.
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