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Fat-finger errors are a regular occurrence in the financial markets: In 2001, UBS sold 610,000 Dentsu-shares at ¥6, instead of 6 Dentsu-shares at ¥610,000.
"Fat finger" typing (especially in the financial sector) is a slang term referring to an unwanted secondary action when typing. When a finger is bigger than the touch zone, with touchscreens or keyboards, there can be inaccuracy and one may hit two keys in a single keystroke.
The fat-finger theory: In 2010 immediately after the plunge, several reports indicated that the event may have been triggered by a fat-finger trade, an inadvertent large "sell order" for Procter & Gamble stock, inciting massive algorithmic trading orders to dump the stock; however, this theory was quickly disproved after it was determined that ...
Trader’s ‘fat finger’ costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market spasm. Dylan Sloan. May 22, 2024 at 10:52 AM. Mike Kemp—In Pictures/Getty Images.
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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. [10] [needs update]
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Competitive typist Albert Tangora demonstrating his typing in 1938. Touch typing (also called blind typing, or touch keyboarding) is a style of typing.Although the phrase refers to typing without using the sense of sight to find the keys—specifically, a touch typist will know their location on the keyboard through muscle memory—the term is often used to refer to a specific form of touch ...