A computer system glitch caused a wave of erroneous orders to be made by
It is believed that a problem with an internal software program led to orders mistakenly being placed in the stock options market. Some of the trades may now be voided, following a review by officials.
According to sources cited by the
The issue has now been fixed, and the bank is said to be investigating the cause of the error.
The bank said in a statement that the exchanges are working to resolve the matter, but downplayed any financial losses to the firm. "Neither the risk nor the potential loss is material to the financial condition of the firm," the bank stated.
The computer glitch follows problems on the
In recent years there have been a number of high profile electronic trading system failures. Last year a consortium of firms had to rescue
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