Any trading system that didn't outright prevent something like this from happening shouldn't be in use today.
Indeed. In fact, RISKS notes that UBS Warburg had an almost identical snafu four years earlier (coincidentally enough, also involving 610k yen turning into 610k shares).
He may well have ignored a warning message, but that sort of discrepancy ought to request more than just a warning message - if nothing else, the next guy might be doing it deliberately in exchange for a cut (or just out of malice).
no subject
Indeed. In fact, RISKS notes that UBS Warburg had an almost identical snafu four years earlier (coincidentally enough, also involving 610k yen turning into 610k shares).
He may well have ignored a warning message, but that sort of discrepancy ought to request more than just a warning message - if nothing else, the next guy might be doing it deliberately in exchange for a cut (or just out of malice).