Switzerland’s largest bank, UBS, has said that a glitch in the computer systems of its Japanese securities unit led to the company mistakenly placing a $31 billion order for convertible bonds in the videogame designer Capcom.UBS Securities Japan said human error – so-called ‘stout finger syndrome’ – had not been to blame for ordering 100,000 more bonds than it wanted.
Posts Tagged ‘Monetary Value’
UBS computer glitch blamed for $31bn trade error
March 1st, 2009 
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Posted in Finance Fraud 
Tags: 30 Million, Advertising Firm, Bourse, Capcom, Computer Glitch, Computer Systems, Convertible Bonds, Dentsu, Human Error, Japan, Japanese Securities, Mizuho Securities, Monetary Value, Tokyo Stock Exchange, Trades, Trillion, Tse, Ubs, Ubs Securities, Yen 
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