Exact(2)
Initial reports suggested that an erroneous order, a so-called fat-finger trade, prompted the sudden move, but that has been dismissed as unlikely by Mr. Gensler and other regulators.
An erroneous order of the Secretary of the Interior was similarly canceled when, without statutory authority, he struck the name of an enrollee from the rolls of an Indian nation.
Similar(58)
Figure 1 illustrates a breakdown of which of the erroneous order scenarios had greater protection (ie, were more difficult to enter; higher mean scores overall) versus those where systems were generally more vulnerable (lower mean scores overall).
C1 A Wild Ride on the Nasdaq Shares of Axcelis Technologies closed at $11.75, up $1.31, after trading as high as $93 in a flurry of action that might have been prompted by an erroneous trade order.
In the first of these cases it was held that a district judge had no power to suspend a mandatory prison sentence, and that a writ of mandamus would lie to require the judge to vacate his erroneous order of suspension.
Mizuho traders realized their mistake within 85 seconds of placing the erroneous order and made four attempts to cancel it.
Only 26.6% of orders generated specific warnings related to the erroneous order.
Ability to enter these erroneous order scenarios was tested on 13 CPOE systems at 16 sites.
A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday.
The error comes about a year after a computer problem at the Knight Capital Group produced a blizzard of erroneous orders to buy stocks and caused steep losses.
The firm bungled the switch and sent a flood of erroneous orders to buy shares.
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