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In order to have legal certainty and in order to avoid the situation that courts have to decide ex-post if a trade should be binding or not, erroneous trade rules of exchanges usually exclude civil-law rescission rights.
By May 7, 2018, Samsung Securities stated that it would file criminal lawsuits against employees who sold their shares during the fat finger incident. [3] On May 28, 2018, government prosecutors raided the Samsung offices.
Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market spasm
Editor’s note: The article and headline have been updated with the correct figures for Storebrand’s market cap. Storebrand, a leading Norwegian financial services group worth more than $3 ...
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A stopped hole drilled in the front center portion of the hammer mass facing the tumbler acts as a receiver for the rod, and as an anvil for the punch action. The tumbler provides the automation. When reset, a provision is made such that the tumbler rod is cocked slightly, so that its resting position is skewed and the tip contacts the hammer ...
Mechanism of a typical hole punch. The essential parts of a hole punch are the handle, the punch head, and the die. The punch head is typically a cylinder, with a flat end called the face. The die is a flat plate, with a hole matching the head. The head can move, while the die is fixed in place.
An IBM 80-column punched card of the type most widely used in the 20th century IBM 1442 card reader/punch for 80 column cards. A computer punched card reader or just computer card reader is a computer input device used to read computer programs in either source or executable form and data from punched cards.