Check this out, this is just insane and it might answer your question: can one bank can one fund? Can one person have a noteworthy impact on markets in general? Is like one entity big enough to do that type of a thing? The answer is a resounding yes and no matter how bad your day is no matter how bad my day is probably not as bad as this person's day. City admits. A traitor error sparked a flash crash that sent swedish stocks plunging. Eight percent in european shares humbling sweden's benchmark.

The omx 30 stock index crashed 7.9 in morning trading on monday, before quickly rebounding leaving investors shocked. On monday, one of our traders made an error when inputting a transaction within minutes. We identified the error and corrected it. That's a big fat finger mistake just like.

Oh, like one little issue, let's crash an entire index: 7.9 percent, the sell-off quickly spread to other markets on monday with shares in germany, france, norway and denmark. Also, following charlie, before rapidly recovering the continent-wide stocks, 600 index finished 1.5 percent lower on fears about the global economy. So this, like one little oops, typed it in wrong billions of dollars and it also produced a crazy amount of volatility. But the story actually gets a little bit more nuts than that, because the nasdaq and the stockholm department of nasdaq is saying: hey sucks to be you.

If you lost money on that nasdaq, stockholm, the nordic country's main stock exchange, said it would be not cancelling any trades from monday raising the prospect that the mistake could hurt. City, financially, nasdaq is continuously investigating all market movements on the marketplaces, and we have done the same in this situation. The reason for the job was a sell event by a market participant. We have, i had not identified any disturbances in nasdaq system.

So what they're saying is it wasn't actually a market issue? It was some big player. They made a mistake and i kind of understand where they're coming from it had nothing to do with the actual exchange. It was just a player put in way too much of a size and it caused a rapid rapid selloff that was quickly bought up huge volatility. Massive percentage swing and it's probably going to lead to people getting fired nasdaq has not seen any reason to cancel trades.

That were made during this event once again at first. That might seem a little bit like wait what the hell, but, if you think about it, the exchange worked as it should have. It was just one random trader made a big old mistake that caused a huge stock plunge and most likely accounted for billions and billions of dollars and, as we saw it, actually bled into other markets. Germany, france, norway and denmark - crazy, crazy, crazy.

So i think this is a little bit of a silver lining. You might be thinking that you're having a bad day, probably not as bad as this trader, who, i would assume, is no longer employed whatsoever.