Mizuho losses prompt rethink

New angles

A mistaken sell order by Japan's Mizuho Securities, which could cost the firm more than $340 million, has raised serious questions about the robustness of Japanese securities firms' trading and compliance systems.

On December 8, a Mizuho trader placed an erroneous sell order offering 610,000 shares of the newly listed recruitment company J-Com at ¥1 each, rather than one share at ¥610,000. Shortly after making the mistake, Mizuho made several attempts to cancel the sell order. However, a fault

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here