So last night in Wall street some fat fingered broker punched in a billion dollar sell instead of a million dollar deal and sent the Dow into freefall. Apparently this was a brief trillion dollar wipeout.
So I'm wondering just who lost their fortunes in that brief interval and which very lucky punters somehow picked up shares at very special prices ? Why would I not be surprised if someone like Golman sucks and co have their sticky fingers in this pie and come out with some very attractive bonuses ?
I don't know anything of course. Pure speculation. But I am wondering are there any protocols for reversing transactions when such a mistake is made ? Or is it just bad luck? Or would it matter just who made the profits and losses in the situation?
Any thoughts ?