Fat Finger

Gary

Jul 30, 2008 • 1 min read

At around 2pm today a broker somewhere decided that the value of QBE shares was $0.01 rather than $22.90, a decision which meant the companies market cap would have totalled around $8 million rather than the $20.19 billion that it was previously. Checkout the ASX 100 Dip at around 2pm thanks to a company practically disappearing off the stock market –

Source: Google

My mate Matt in England tells me this is called ‘Fat Finger’ in financial circles or more commonly known as a Typrographical Error! Nice one that guy – more info here.

You may be wondering where the Bali story is, well it is coming, I need a full evening to write that entry and it needs to be the highest of quality to make it into the Best Posts Category.