A Monster $69 Trillion Order Wreaked Havoc On The Stockholm Stock Exchange Today

Trading was halted in index derivatives on the Stockholm Stock Exchange today after a monster futures order valued at around $69 trillion appeared in the system, according to Swedish business newspaper SvD Näringsliv.

The “trade” was a buy order for nearly 4.3 billion OMXS30 warrants (valued at nearly 460 trillion kronor), an amount over 131 times Sweden’s GDP. The OMXS30 is the exchange’s flagship stock index, and the error apparently caused enough problems to force a closure of the market.

Full article: A Monster $69 Trillion Order Wreaked Havoc On The Stockholm Stock Exchange Today (Business Insider)

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