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  1. #1

    Default This is how books should treat their posted lines.

    In December 2005, job recruiter J-Com's IPO in Tokyo goes awry when a trader for Mizuho Securities types in an order to sell 610,000 shares at 1 yen (less than a penny) per share instead of the intended 1 share at 610,000 yen (about $5,000). Though the order is for 41 times the number of outstanding shares, the Tokyo Stock Exchange insists that the order be processed as entered. Mizuho loses at least 27 billion yen ($225 million) on the typo, an amount nearly equal to its entire profit for the prior fiscal year.


    I bet the girl that delivered Tokyo SE decision that order can't be canceled to Mizuho Sec. added "can I help you with anything else, sirs?"


    BTW
    This is 100% true and not some kind of internet folklore. Found it at one of the '101 Dumbest Moments in Business' by CNN's business magazine 'Business 2.0'.
    http://money.cnn.com/magazines/busin.../index.htm#TOP

  2. #2

    Default

    that really is unbelievable...

    SBR Founder Join Date: 8/18/2005


  3. #3

    Default

    :wow:

    SBR Founder Join Date: 7/21/2005


  4. #4

    Default

    Probably the most expensive typo ever.

    SBR Founder Join Date: 8/9/2005


  5. #5

    Default

    "Hi, Honey. You'll never guess what happened at work today."

    SBR Founder Join Date: 8/10/2005


  6. #6

    Default

    1 dollar invested could have brought you $500k sure proft within half an hour... Now thats one fine arb, right Mudcat?

  7. #7

    Default

    I would classify it as, Super Deluxe.

    SBR Founder Join Date: 7/21/2005


  8. #8

    Default

    if the usa legalizes onlin gambling this type a thing might happen. bad lines will be a prize and part of the busness

    SBR Founder Join Date: 8/12/2005


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