Operational Loss Round Up

NEWS

September 11 -- A rogue trade at Deutsche Bank in London caused the FTSE 100 to plunge 208.6 points to 6,392.1 at one stage early in morning trading.

The trader, who remains unnamed, was trying to sell 102 stocks, comprising the entire FTSE 100 and two stocks from the FTSE 250, worth £15 million in total.

Rather than selling them at current market prices, the trader mistakenly pressed the "at best" option on his Deutsche Bank trading terminal. This told the bank’s dealing system to sell the s

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