This is referring to a data entry error, Bloomberg with the report, citing people familiar:
- A trader in the firm’s Delta One trading unit in London was working from home during a bank holiday on May 2 when the person incorrectly added an extra zero to a trade early in European market hours.
- a five-minute selloff in the OMX Stockholm 30 Index and ultimately wreaked havoc in bourses stretching from Paris to Warsaw and wiping out 300 billion euros ($322 billion) at one point
From the post at the time of the error, the impact:
This article was originally published by Forexlive.com. Read the original article here.