Everbright releases report on trading error
Updated: 2013-09-09 16:24
By SHI JING in Shanghai (chinadaily.com.cn)
|
||||||||
The "fat finger" case in mid-August has resulted in a 523 million yuan ($85.47 million) loss for Everbright Securities, according to the brokerage's report handed in to the Shanghai Stock Exchange on Saturday.
The report makes for gloomy reading, especially in light of its competitors doing so well with Haitong Securities overtaking other brokerages with net profits of 180 million yuan.
The strategic investment department of Everbright Securities mistakenly sent huge buy orders, valued 23.4 billion yuan on Aug 16, lifting the benchmark Shanghai Composite Index up 5.96 percent in three minutes.
China Securities Regulatory Commission fined Everbright Securities 523 million yuan at the end of last month and barred the company's four executives from the industry for life.
CSRC also banned the company from proprietary trading for three months and suspended approval for new Everbright services.
- Chinese fleet visits Pearl Harbor in Hawaii
- US: Proven link of Assad to gas attack lacking
- Serena Williams repeats as US Open champion
- Panda 'Bai Yun' celebrates 22nd birthday in US
- Exports expand in Aug amid signs of recovery
- Rodman back from DPRK without jailed American
- National Games: Pictures of the day
- Abe speech helps secure 2020 Games for Tokyo
Most Viewed
Editor's Picks
When life is sailing over the bounding sea |
Testing times for G20 leaders |
For many, Chinese dream means happiness |
Private push |
Righting the wrongs of patent rights |
Growth driver |
Today's Top News
DPRK leader has a baby daughter: Rodman
US: Proven link of Assad to gas attack lacking
Li: China pursues sustainable growth
Trending news across China
China-US military ties deepen
Inflation slows to 2.6% in August
Chinese president arrives in Uzbekistan for visit
Hanas seeks gas partners in US
US Weekly
Geared to go |
The place to be |