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Betcha he's fired!!
If everything you try is a sure thing, you aren't taking enough risks. If you never fail, you put a limit on the degree to which you can succeed. In short, the only way to win big is to risk losing





Now I know why my Japanese mutual fund IRA shares took a major sag today (big holdings in Japanese financial institution shares)!




I'd fire every programmer who ever touched his trading software. Honestly to allow a trade of that maginitude so far from the spread, should require a special password, a password be reentered, fingerprint, something, ANYTHING.
It will be interesting, 20 years ago, he'd of killed himself. I bet it gets reversed.
^Then the next thing you will hear is how hard it is to get anything done with the software and that it hindered a great deal.
I am a big believer in the user being the responsible party.
Deogol, I am in agreement with the concept of personal responsibility, but the user does not bear the financial risk, even if he bears responsibility--the company does. 146 million pounds is a shitload of money. It also does not help that it was in yen which has so many zeros in its currency. A simple warning message before transmital when both dimensions (price and quantity) were outside the bounds would catch 90% of such mistakes.Originally Posted by Deogol




And I thought it was bad when I messed up at work!
now i dont feel so bad. hehehe
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