RajMy work is keeping me away from my blog. I feel really bad about not being able to write anything but the funny part is that when I finally had some time on my hands, my mind went completely blank and I didn’t know what to write. So I just took a short break and when I came back, I had been assigned another task. Images of an old grumpy guy who we shall call Fr’s head being smashed with a giant sledgehammer ran through my mind. It felt good.
I have so much to write about but no time.
In the meanwhile, How do you commit such an error?
“…A trader of Mizuho Securities mistakenly placed a sell order for 610,000 shares of J- Com at one yen each, instead of the intended one share for 610,000 yen….”
thank god coding fr that software was not done in india!
Awww that sucks. Maybe u can write during your breaks.
Have you seen the funny cam phone photos of the wild melee that broke out after Mizuho’s $335M trading error:
http://www.TripleWitchingFriday.com/index.php?/mizuho
“Mizuho has remained tight-lipped about the identity of the trader whose ‘fat-finger’ moment created the problem. However, there are rumours that the trader was a 24-year-old woman who was relatively new to the dealing floor.”[Blame is pointed at novice dealer/The Times]
Cheers, mate!
@akanksha: No, it was a human error.
@freeze: Yeah, but my breaks aren’t long enough for me to write a post.
@anon: Funny!! Thanks for the link.
Parallel processing?
Hey,
Your review on Rang De Basanti was very good. My Fav’s in any order:
Rang de basanti
Apni to pathshala…super song
Rubaru…Roshniiiiii
@vinaya: hmm? i don’t get it. Too much work has made me dumb.
@yogi: Trip kaisi rahi? I like all these too plus “Khoon Chale”.
Hmm, so clearly it was the fault of Computers of the Tokyo stock exchange. The security firm tried for 10 mins to cancel the order but it could not.
I wish they learn from our stock exchanges which has been fully integrated by one of our own IT company. The system was put to test on May 17 last year, when the trading was automatically shut down three times.
Incidentally UBS was related then as well, it is said that they were one of them responsible for 517 point crash in BSE. Though UBS managed to revoke the penalty, but it is widely know that they undergo shady activities under the garb of PNs.
I hope our SEBI also becomes as good as our computer systems.
Good article, thanks for posting it.
@greensatya: Well, you never know when the systems might go wrong. Just because a bug hasn’t surfaced till now doesnt mean its not there. But lets hope the systems keep functioning well.
But Nikkei learning from BSE? Not going to happen anytime soon.
But from what I know, SEBI is reforming and i think its on the right track.
As far as UBS is concerned, I have no idea about their activities.
see i was right it was the softwares fault.. i was just goin to point it out.. ood smbdy else did it bfore me ;P
@akanksha: Actually, it started off as a human error. The computers were just not able to detect the error even though the number of shares in the order were more than the outstanding shares. When another trader tried to cancel the order but that didnt happen either. So it was both a human error as well as a software failure.
ok… mister i am going to point out all d details!
Ohho… maybe you can think up the post in your head during commuting or something, and then write it down at one shot during a little break - that’w what I do most of the time. But yes, sometimes the workload is too much for even that
Anyway.. thanks for blogrolling me
And hope you get to blog more often!
@shruthi: I dont have the luxury of thinking about abything else while commuting other than figuring out who to kill first. Read my old post titled road rage vol 2 to learn more. I am too lazy to give u a link. But not to worry, I have been and will always find a way to blog no matter how busy i might be.
And, u r welcome.
I read Road Rage! And yes, now I get your point
@shruti: Thanks for digging into the archives.
One of the reasons why I do not write regularly is due to the reason u described. Good to know I have company…!