QUOTE(lklatmy @ May 29 2008, 03:25 PM)
There is a pop-up window if the price keyed in is more than 5 bids(figure can be specified by the user) from the last done price.The problem lies with the person,not the software
I am referring to the Broker Front End system that we are using.
If the mistake is by the remisier,than the Remisier has to pay.If the client keyed in through the internet,it's the client's resposibility.
On the issue of error,there was a big mistake in the trading of KNM-OR today.While the price of KNM_OR was only around 2.32,someone keyed in to buy KNM-OR at KNM price and about 200,000 shares were matched at RM4,another 2,000 shares at RM6.
The estimated loss is around Rm450,000.
One of my colleague who queued to sell 3,000 units at RM 2.50 for her client got matched at Rm 4.instantly made 4,500.
The buyer must be facing big big problem now.