Tokyo Exchange Scraps $617B of Stock Trades

Tokyo Exchange Scraps $617B of Stock Trades

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Business

University

Hard

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A significant number of stock orders were canceled in Japan, surpassing the economic size of Sweden. The cancellations, attributed to a trading error, affected major companies like Toyota, Honda, and Sony. One order involved more than half of Toyota's outstanding shares. The issue may have been a 'fat finger' error, with trades conducted over-the-counter, meaning directly between parties without exchange supervision.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Which major automaker had an order for more than half of its outstanding shares cancelled?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'fat finger problem' refer to in the context of stock trading?

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