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Fat-finger errors are a regular occurrence in the financial markets: In 2001, UBS sold 610,000 Dentsu-shares at ¥6, instead of 6 Dentsu-shares at ¥610,000.
"Fat finger" typing (especially in the financial sector) is a slang term referring to an unwanted secondary action when typing. When a finger is bigger than the touch zone, with touchscreens or keyboards, there can be inaccuracy and one may hit two keys in a single keystroke.
By May 7, 2018, Samsung Securities stated that it would file criminal lawsuits against employees who sold their shares during the fat finger incident. [3] On May 28, 2018, government prosecutors raided the Samsung offices.
Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market spasm ... the team in charge of flagging trading errors didn’t notice until it ...
Editor’s note: The article and headline have been updated with the correct figures for Storebrand’s market cap. Storebrand, a leading Norwegian financial services group worth more than $3 ...
Google shares melted down the other day after the company's filing agent, R.R. Donnelley, prematurely filed Google's unusually weak earnings a little earlier than anticipated. However, the market ...
Electronic transcription errors occur when the scan of some printed matter is compromised or in an unusual font – for example, if the paper is crumpled, or the ink is smudged, the OCR may make transcription errors when reading.
Some spelling errors are introduced because the typing of certain people is not perfect, such as letters are doubled, or more frequently double letters tripled, such as "betwween" and "betweeen" letters are singled, such as "betwen" keys are transposed, so "because" becomes "becuase". (see Teh)