Citigroup is facing a $79 million fine in the UK after a trader's typo led to a $444 billion sell-off instead of selling $58 million in shares, causing a $1.4 billion market crash in 2022. The incident resulted in a subsidiary of Citigroup being fined for the costly mistake.
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Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.31% 🇪🇺EUR: 0.14% 🇦🇺AUD: 0.14% 🇳🇿NZD: 0.11% 🇯🇵JPY: 0.00% 🇨🇦CAD: -0.04% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/Q8ubAjOMFL
Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.38% 🇳🇿NZD: 0.29% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.18% 🇯🇵JPY: 0.13% 🇨🇦CAD: 0.12% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/qxC0V2x1rv
Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.32% 🇳🇿NZD: 0.19% 🇪🇺EUR: 0.18% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.06% 🇯🇵JPY: -0.01% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/YLyrm9MGol
Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.17% 🇨🇭CHF: 0.17% 🇪🇺EUR: 0.14% 🇨🇦CAD: 0.02% 🇬🇧GBP: 0.02% 🇯🇵JPY: -0.00% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/37S2746Im6
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Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.22% 🇦🇺AUD: 0.19% 🇨🇭CHF: 0.18% 🇨🇦CAD: 0.09% 🇯🇵JPY: 0.09% 🇬🇧GBP: 0.08% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/qPXSiPz46Y
Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.38% 🇬🇧GBP: 0.26% 🇨🇭CHF: 0.12% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.04% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/RewwI5Il3x
Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.52% 🇦🇺AUD: 0.45% 🇬🇧GBP: 0.28% 🇨🇭CHF: 0.15% 🇪🇺EUR: 0.13% 🇯🇵JPY: 0.06% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/7Uf4yUFhcf
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Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.34% 🇦🇺AUD: 0.27% 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.10% 🇯🇵JPY: 0.08% 🇨🇦CAD: 0.06% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/pLiRe6LWKH
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Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.51% 🇬🇧GBP: 0.36% 🇳🇿NZD: 0.35% 🇪🇺EUR: 0.35% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.04% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/fXTUM8L26H
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🇬🇧FAT-FINGER TRADE COSTS CITIGROUP $78 MILLION UK regulators this week fined Citigroup $78 million over an incident in 2022 where one of their traders mistakenly executed a trade for $444 billion basket of stocks rather than $58 million. The trade caused a five-minute flash… https://t.co/6Lkx7MOKxe
Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.25% 🇬🇧GBP: 0.17% 🇳🇿NZD: 0.17% 🇦🇺AUD: 0.10% 🇯🇵JPY: -0.09% 🇨🇭CHF: -0.12% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/5phBUFb4rN
Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇪🇺EUR: 0.18% 🇦🇺AUD: 0.16% 🇨🇦CAD: 0.09% 🇯🇵JPY: -0.04% 🇨🇭CHF: -0.08% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/ZuTXiCC5MR
For one Citi trader in London, the morning of May 2, 2022 went from bad to worse. https://t.co/hfleXRgJzg via @wealth @jennysurane @jonny_browning
Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.03% 🇬🇧GBP: 0.02% 🇨🇦CAD: 0.01% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.07% 🇦🇺AUD: -0.08% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/DiEO2V48ar
Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: -0.03% 🇨🇦CAD: -0.04% 🇬🇧GBP: -0.05% 🇯🇵JPY: -0.08% 🇨🇭CHF: -0.10% 🇦🇺AUD: -0.11% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/TStxzywrRC
Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.03% 🇬🇧GBP: -0.05% 🇪🇺EUR: -0.06% 🇯🇵JPY: -0.12% 🇦🇺AUD: -0.14% 🇳🇿NZD: -0.15% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/aujcVjtSII
A trader’s 2022 typo cost a Citi subsidiary $79 million in fines. https://t.co/bzGaJuCT3g https://t.co/JMmWdjSIKf
Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.15% 🇳🇿NZD: 0.05% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.14% 🇦🇺AUD: -0.19% 🇨🇦CAD: -0.26% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/wFU8sR9BB1
The most expensive typo ever? Citi is paying $79 million in fines to the UK after a trader's mistyped order caused a market crash in 2022 They meant to sell $58 million in shares, but instead punched in $444 billion It caused a $1.4 billion sell-off across Europe https://t.co/9tJDrswmmT