October 1st, 2014, 10:09 pm
Japan, Land of Cherry Blossoms... and fat fingered traders. an order to transact on $617 billion of Japanese large caps - are you sure?"More than 40 requests to transact shares totaling 67.78 trillion yen ($617 billion) -- greater than the size of Sweden's economy -- were voided at 9:25 a.m. in Tokyo before they could be matched, according to data compiled by Bloomberg from the Japan Securities Dealers Association. ...The biggest order was for 1.96 billion shares of Toyota Motor Corp. (7203), or 57 percent of outstanding shares in the world's biggest carmaker, for 12.68 trillion yen through an off-exchange transaction. Toyota declined to comment. Other stocks with cancellations included Honda Motor Co., Canon Inc., Sony Corp. (6758) and Nomura Holdings Inc. (8604)."
Last edited by
trackstar on October 1st, 2014, 10:00 pm, edited 1 time in total.