Fat finger trades continue to present problem
Fat finger trades continue to present problemFat finger trades continue to plague employers despite the presence of numerous checks and balances used by most trading houses. A recent fat finger incident at Morgan Stanley forced the global financial-services firm to implement preset trade limitations for its traders on the swaps desk and add another measure that forces traders to make a manual computer entry to verify that an anticipated trade will exceed a preset limit.
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trading, sales, invesment banking, input errors, electronic trading, order entry, electronic markets, electronic exchanges
Labels: electronic exchanges, electronic markets, electronic trading, input errors, invesment banking, order entry, sales, trading
posted by Victor Lloyd Smith @ 2:25 PM
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