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
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