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Wrong keystroke costs nearly $16m
From correspondents in Taipei
June 29, 2005
From: Reuters
A TAIWAN stock trader mistakenly bought T$7.9 billion ($328m) worth of shares with a mis-stroke of her computer, meaning her company is looking at a paper loss of more than $US12m ($15.7m) and she is looking for a new job.

The trader with Fubon Securities mis-keyed in a small order from Merrill Lynch Monday, creating confusion when many small firms inexplicably surged the 7 percent trading limit.
"Something like this is difficult to explain to superiors," a Fubon executive said .

Fubon said that the trader was unfamiliar with new computer systems and would be fired.

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"There is a paper loss of more than T$400 million," said the executive.