Computer Problem Caused Price Errors on NASDAQ 160
buckthorn writes "An article running on Yahoo News states: 'A computer problem at an unidentified stock trader caused erroneous, exaggerated prices -- some as high as $950 per share -- to be posted to the Nasdaq Stock Market Friday morning for 1,680 different stocks, a spokeswoman for the Nasdaq said.'"
Friday 13th (Score:2, Insightful)
Price in blurb says nothing. (Score:2, Insightful)
"COMPUTER" error (Score:5, Insightful)
It was either a programming error (human) or an operator error (human) or some other cause. OK, clearly hardware faults can cause data corruption, but this is really pretty rare and it's hard to believe that a hardware fault could cause such a widespread fault.
Re:"COMPUTER" error (Score:5, Insightful)
I love this quote :
At the source of every error which is blamed on the computer you will find at least two human errors, including the error of blaming it on the computer.
Re:its a problem (Score:2, Insightful)
a market cannot work without people arbitraging, speculating and investing.
his skills are being used to reduce transaction costs and inject liquidity into the market, without which pension funds would operate at a much higher cost.
I work for a fairly large electronic marketplace (Score:5, Insightful)
about money (Score:2, Insightful)