Literature for the game in the forex

Index of London Stock Exchange FTSE-100 for several minutes before the close of trading on Monday fell sharply as a result of errors broker who added an extra zero in the application.

 Error occurred in the brokerage division of the bank Lehman Brothers.By order to sell shares to the amount of 30 million pounds ($ 42.65 million) was mistakenly added to 0, and the order was executed for the sum of 300 million pounds ($ 426.5 million)."There [in the Lehman Brothers] on Tuesday morning, must have been a bloodbath, when they came to and realized what happened," - suggested the implications of the incident trader at a U.S. funds. Financial implications of errors can cost the bank millions of pounds.
As a result of the sale of shares in such a huge amount of index FTSE-100 fell by 3.5% (206.3 points) on the closing level on Friday - to the level of 5690.5. According to traders, for 3 - 5 minutes before the close of trading the index stood at 5825 points;Thus, after the broker's errors, he fell about 2.3%. But the execution of large orders to sell shares of leading British companies, according to the London Stock Exchange (LSE), significantly increased the pressure on the quotes, observed during the day.Traders described the last minutes of trading day on Monday as horrible. "It was just an avalanche of sales - and all at the close, - said stock analyst at a major London firms. - People just went crazy trying to figure out where it [the order for sale] going."

The final fall of the British index was much higher than in other European markets. The German Xetra DAX index fell 1.2%, French CAC-40 - 1,4%; Italian Mibtel index rose by 0,5%.Nevertheless, the representative of the LSE said the exchange has no plans to cancel or revise the results of the transaction closing price index. On the Stock Exchange does not believe a deal done by manipulation.A representative of the financial services regulatory body UK's financial markets, said that the management expects the report LSE.
In electronic trading system errors do not happen too often. In 1998. For example, a trader of Salomon Brothers put his hand on the computer keyboard, accidentally sending so an order for sale of 14,500 futures contracts worth 7.3 billion francs ($ 960 million).Exchange refused to cancel the transaction. It is known that several errors were committed in the immediate exchange Eurex, including two last year.