Fatal error, from the 'Wall Street'

Friday, May 7, 2010 - 12:0 PM

Reporting NEW YORK - I will convey the global economic news. A fatal error occurred, the computerized system that made possible the cause of a simple typing error. It is called trigger one of the most turbulent days in the history of 'Wall Street', on the trade Thursday, May 6 local time.
Unmitigated, the index of 'Dow Jones industrials' nearly 1,000 points, nearly a tenth of the value of existing trade in less than half an hour. This is the biggest ever decline in the period last year during the trade.

As quoted from the 'Associated Press', on Friday, December 7 May 2010, the index of 'Dow Jones' successfully recovered approximately two-thirds of the reduction of almost 1000 points, before the close of trading.

"Today, it makes me shocked and did not move from my chair. It feels like we are losing control," said chief investment officer at Harris Private Bank, Jack Ablin, in Chicago.

The statement was reinforced by a spokesman for the New York Stock Exchange 'Rich Adamonis who said, "There are a number of erroneous trades during the decline." NYSE told CNBC that there is no system errors due to speculation over a bad trade.

Meanwhile, 'Citigroup Inc.' states, did not find evidence against the trade, after CNBC said it triggered a bad deal with a potentially negative in the middle of the Dow falling 9.2%, which is the biggest decline since December 19, the month of October 1987.
'Nasdaq' to say, after the market close, it would suspend all trade stocks that move more than 60% of their price, or shortly before 2:40 o'clock pm, when the downturn began.

Delays are applied to the trade conducted between the hours of 2:40 PM and 3:00 PM local time. Meanwhile, Procter & Gamble Co. said it was monitoring trading on the stock to decide whether an error occurred in the trading of these shares. how do you think? (Otofinance)