Sunday, November 11, 2012

Food for thought

From the Casino of capitalism -- The National Stock Exchange of India reported (Toronto Star, October 6, 2012) that fifty-nine erroneous orders prompted a plunge in equities that briefly erased about $58 billion in value, underscoring growing global concern about the integrity of financial markets. Senior managing director of Aquarius Investments that manages about $400 million, said, " India has joined the big league with this trading disaster. It's very surprising so many erroneous orders went through. Exchanges and regulators must be one step ahead as systems and technologies upgrade." No kidding, most people get concerned if they lose a few dollars! John Ayers

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