fat finger trade

n.
An erroneous or inadvertent trade, particularly one that has significant market consequences, caused by a typo. Also: fat finger, fat-finger trade, fat fingers trade.
Example Citations:
A trader at RBS has admitted to making a fat finger trade in the EUR/CHF pair Monday, a spokesperson for the bank told Reuters...Initial reports had claimed that it was RBS's algorithms that caused the spike. However, those reports were later proven wrong. It turns out that it was a simple fat finger trade that caused the spike and algos reacted to send the pair even higher.
—Matthew Kanterman, " Another Day, Another Trading Glitch: RBS Admits Responsibility in EUR/CHF Spike: http://www.benzinga.com/news/12/08/2820484/another-day-another-trading-glitch-rbs-admits-responsibility-in-eurchf-spike," Benzinga, August 9, 2012
Gold futures ended nearly unchanged Monday, after a large early-morning sell order roiled traders and slashed prices by almost $15...Gold traders buzzed with speculation that the transaction was an input error — a so-called "fat finger" trade...One indicator that the transaction was a mistake was its size. At 750,000 troy ounces, such large trades are rarely conducted amid very thin trading volumes.
—Tatyana Shumsky, " Gold Shakes Off $1.24 Billion 'Fat Finger': http://blogs.wsj.com/marketbeat/2012/04/30/gold-shakes-off-1-24-billion-fat-finger/," The Wall Street Journal MarketBeat, April 30, 2012
Earliest Citation:
Vodafone's initial fall led telecoms lower. Trading volume in the mobile phone giant was inflated by an incorrectly reported trade, which had been withdrawn and subsequently been re-entered, the London Stock Exchange said..."This was a real fat fingers trade," said one trader.
—Camilla Reed, " UK's FTSE creeps up at midsession, wants U.S. lead: http://www.euroinvestor.dk/nyheder/2001/04/20/uks-ftse-creeps-up-at-midsession-wants-us-lead/8781825," Reuters, April 19, 2001
Notes:
Many thanks to Twitter user \@rur42 for letting me know about this phrase.
Related Words: Category:

New words. 2013.

Look at other dictionaries:

  • fat-finger problem — n. The tendency to make errors on a device where the keys or screen elements are too small. Also: fat fingers problem, fat finger problem. Example Citations: Sizable erase and undo buttons at the bottom of the screen let you fix mistakes easily.… …   New words

  • fat finger dialing — n. A telephone scam in which a company sets up a toll number that is one digit different than a popular number, so that the company earns money when customers accidentally mis dial the legitimate number; mis dialing a phone number in this manner …   New words

  • 2010 Flash Crash — The May 6, 2010 Flash Crash[1] also known as The Crash of 2:45, the 2010 Flash Crash or just simply, the Flash Crash, was a United States stock market crash on May 6, 2010 in which the Dow Jones Industrial Average plunged about 1000 points or… …   Wikipedia

  • thumbo — n. An error made while using the thumbs to type, particularly on a mobile device keypad. [Blend of thumb and typo.] Example Citations: How do you get rid of thumbos, those cellphone message typos? Practice. And some handy tips. Touch Type With… …   New words

  • typosquatter — n. A person who registers one or more Internet domain names based on the most common typographical errors that a user might commit when entering a company s registered trademark name (e.g., amazom.com). Example Citation: However, little has been… …   New words

  • Stock Market and Investing — angel investor bear tack black swan Bull Market Babies capitulation bottom carve out casino culture …   New words

  • day trading — n. Internet based stock market trading in which individual investors quickly buy and sell equities to take advantage of short term trends, and then sell most if not all of their holdings before the end of the day. day trading adj. day trade v.… …   New words

  • stuckholder — n. A person or company that owns stock they can t sell. Example Citation: Its stock price had recently climbed from pennies to more than $30, even though the company was nearly three years behind in its SEC filings. Too bad more investors didn t… …   New words

  • sucker rally — n. A short lived gain in the stock market. Also: sucker s rally. Example Citations: There may well be a rally in tech stocks sometime in the next few weeks or months. But, on the information to hand, it will be a sucker rally: one of those… …   New words

  • trading coach — n. A person who advises stock traders on the strategy and psychology of investing. Example Citation: A successful day trader has to be able to stay calm while absorbing painful losses. It s easy to get suckered into this game, says Ari Kiev, a… …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.