Citigroup big-finger trade could cost the bank more than $50 million


This refers to a data entry error, Bloomberg with the report, quoting people familiar:

  • A trader at the company’s Delta One business unit in London was working from home during a public holiday on May 2 when the person mistakenly added an extra zero to a trade at the start of European market hours.
  • a five-minute sell-off in the OMX Stockholm 30 index and ultimately wreaked havoc on stock exchanges stretching from Paris to Warsaw and wiping out 300 billion euros ($322 billion) at one point

From publication to time of error, the impact:


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