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Error in Singapore Forced Unwinding of 110,000 Trades
By Maria Korolov and Gene Law •  August 6, 2007  •  Securities Industry News  •  545 words

The Singapore Exchange (SGX) recently faced the same operational risk consequences as the Tokyo Stock Exchange (TSE) and others in having deal with the aftermath of a miskeyed order.
According to a statement by SGX, a trader at DMG & Partners Securities on May 25 placed an order to sell 400,000 shares of DBS Group… Read the rest