(Reuters)
TAIPEI, Taiwan - A Taiwan stock trader mistakenly bought $251 million worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.
The trader with Fubon Securities made a typo while filling in a small order from Merrill Lynch on Monday, creating confusion when many small firms inexplicably surged past the 7 percent trading limit.
Something like this is difficult to explain to superiors, a Fubon executive said on Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and would be fired.
There is a paper loss of more than T$400 million, said the executive.
However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term. :lol
TAIPEI, Taiwan - A Taiwan stock trader mistakenly bought $251 million worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $12 million and she is looking for a new job.
The trader with Fubon Securities made a typo while filling in a small order from Merrill Lynch on Monday, creating confusion when many small firms inexplicably surged past the 7 percent trading limit.
Something like this is difficult to explain to superiors, a Fubon executive said on Tuesday.
Fubon said that the trader was unfamiliar with new computer systems and would be fired.
There is a paper loss of more than T$400 million, said the executive.
However, with a good outlook for stocks in the second half, there are no plans to sell the shares in the near term. :lol
