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Rochdale Loss Blamed on “Rogue” Trader
A trade gone wrong endangers an investment company. In a world of high-speed trades and limited controls, this sadly isn’t news. It seems even large investment firms are just ...
Fat Finger Wipes Out $58 Billion of India’s Stock Market Value
It took less than a minue for India’s Nifty Fifty Index to drop nearly 16%. And it took erroneous trades totallying only $125 million to temporarily wipe out $58 billion in ...
BofA Merrill Lynch Options Trading Error Cost Upwards of $10 Million
It is a trade desgined to profit from less sophisticated traders. But apparently the dividend options trade proved too sophisticated for Merrill Lynch, a division of Bank of America. ...