Fighting fat-finger syndrome
Trading errors are a major source of operational losses for banks. Navroz Patel looks at some of the systems that banks and software firms have come up with for managing the risk
Fat-finger syndrome, the operational affliction that is jokingly said to cause traders to enter costly mistaken deals on their keyboards, struck again in December when yet another trader pressed the wrong keys.
Banking analysts speculated that investment bank UBS Warburg could have lost as much as $100 million when a
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