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I Always Get Those Two Fields Confused, Too

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Tragically unavailable in Japanese translationSo what do you do when one of your traders mistakenly sells ¥372 billion in shares for ¥1? Sue the stock exchange!
A court has ordered the Tokyo Stock Exchange to pay Mizuho Securities more than ¥10 billion because a technical glitch prevented Mizuho from cancelling the disastrous sale. Apparently, in Japan, the stock exchange is 70% responsible when you try to sell 610,000 shares of a company for ¥1 rather than one share for ¥610,000.
Mizuho said its total losses from the screw-up were ¥40.7 billion. The Tokyo exchange is considering an appeal.
Tokyo bourse ordered to pay Mizuho $121M damages [AP via Google]


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By user Siqbal (Originally uploaded to the English Wikipedia) [Public domain], via Wikimedia Commons

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