This page has been archived and commenting is disabled.
UBS Trader Places $30.9 Billion Bond Order By Mistake
Someone is taking project Mayhem in the right direction. The Tokyo Stock Exchange immediately suspended trading of CapCom bonds after a 3 trillion Yen order was placed. Unfortunately the entire outstanding issue is only 15 billion Yen.
A good analogy would be a trader (Obama) placing a $3 trillion market bid order in the common equity of Citi, which only has $15 billion outstanding.
»
- 718 reads
- Printer-friendly version
- Send to friend
- advertisements -