Japanese financial services sector plagued with order management errors – JPMorgan the latest victim
Rovert Ash
Sep. 26, 2006

In Japan in the last twelve months many firms in the financial sectors have lost money because of wrong order execution and management. Atleast ten companies have confessed the errors. Some of the errors were catastrohic in nature. Please note these were not bad quantitaive model type errors. Most of these errors come from execution desk and is mostly attributed to high tension trading desks where it is easy to make a mistake.

The mistakes can cause millions if not billions in losses through. According reports from Japan, JP Morgan in Japan is latest victim as it lost millions in wrong order management and execution in Tokyo Stock Exchange’s trading system. The investment bankers, brokers and other financial institutions continuously research on how to avoid such killer mistakes. The recent rise is errors all over the world in a major concern.

Japanese financial services sector plagued with order management errors – JPMorgan the latest victim
Rovert Ash
The investment bankers, brokers and other financial institutions continuously research on how to avoid such killer mistakes. The recent rise is errors all over the world in a major concern.
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