Previous close | 0.1600 |
Open | 0.1600 |
Bid | 0.1400 |
Ask | 0.1600 |
Strike | 40.00 |
Expiry date | 2024-11-15 |
Day's range | 0.1600 - 0.1600 |
Contract range | N/A |
Volume | |
Open interest | 248 |
(Bloomberg) -- For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceOne Dead After Singapore Air Flight Hit By Severe TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash Crash‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorIt was a public holiday in the UK, so it should have been a quiet day in the markets. A little before 9 a.m.
Citi has been fined £62m by UK regulators after a “fat finger” trade triggered a flash crash on the European stock market.
UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets.