Joined Nov 11, 2007
31,929 Blog Posts

Fattest Finger Ever Slams Stockholm Stock Exchange With $70 Trillion Buy Order

“We have seen some supposed ‘fat-finger’ trades in the last few days but Stockholm’s stock exchange was brought to its knees yesterday as a record-breaking order hit the book and halted trading for four hours. A 4.3 billion contract buy order in the OMX30 futures (the Swedish equivalent of the Dow futures) caused the fiasco. This is equivalent to a SEK460 trillion notional exposure – or 131 times the Swedish GDP (around USD70 trillion).”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter