Did you ever stop to think that perhaps human beings are both the problem and the solution when tech-related mishaps arise?
A recent item in the online edition of London's Daily Mail reported that a stock trader in Japan had executed an erroneous trade that sent stock markets across Asia tumbling and led to his brokerage losing some 27 billion yen (about $227 million U.S.).
The trouble came when Mizuho Securities, Japan's second-largest bank, tried to sell 610,000 shares of a recruitment agency, J-Com, at one yen (less than one cent) each. The trader actually meant to sell one share at 610,000 yen (just over $5,000 U.S.), but the Tokyo Stock Exchange processed the trade, even though the price was clearly wrong.
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