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Bloomberg: China's shares were roiled on Friday by a trading error at Everbright Securities Co
Bloomberg: China's shares were roiled on Friday by a trading error at Everbright Securities Co. that spurred a 53 percent surge in volumes and a swing of more than 6 percent in the Shanghai Composite Index. The gauge jumped from a loss of as much as 1 percent to a gain of 5.6 percent in two minutes during the morning session, then ended the day with a 0.6 percent drop. Everbright blamed a flawed arbitrage trading system and said it used its own funds and liquidated some securities holdings to ensure clearing.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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