Mizuho loses $224m on typing error
CNN.com - Mizuho loses $224m on typing error - Dec 9, 2005: "Japanese brokerage Mizuho Securities scrambled on Friday to clean up the mess left by a trader who mistakenly offered tens of thousands of shares for 1 yen apiece, costing the firm at least $224 million.Admitting to the massive error, the brokerage unit of Mizuho Financial Group said the trader entered what was intended to be an order to sell one share of J-Com -- a staffing firm that made its market debut on Thursday morning -- for 610,000 yen ($5,065).Instead, 610,000 shares, valued at $3.1 billion at J-Com's IPO price, were offered for 1 yen each."
Bloody hell, I thought I was clumsy and caused problems with typos...
(Via memeorandum)
