There is always a tension between speed and accuracy in business.
But in some areas accuracy is non-negotiable, pareticularly when the action is implemented instantaneously and may not be able to be reversed.
The Times Online has a story about clumsy typing which cost a Japanese bank at least £128
million and staff their Christmas bonuses, after a trader
mistakenly sold 600,000 more shares than he should have.
The story links to previous stories of financial losses caused by trader errors.
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Posted 25th December 2005 by David Jacobson in Web/Tech
