Computer error blamed in Everbright trading mishap – FT.com – China’s stock market regulator has now confirmed that a problem with Everbright’s automated trading systems sparked a flurry of buy orders from the brokerage, and pushed a number of large-cap stocks up by their daily limit.
Everbright Securities hit with record fine for trading error … – China Everbright Group is a state-run financial conglomerate. Its operations include China Everbright Ltd, which listed in Hong Kong in 1997 with the stock code 165.
China Regulator Fines Everbright Securities for Trading Error … – In one of its toughest enforcement actions ever, China’s securities regulator said on Friday that it fined Everbright Securities 523.29 million yuan ($86 million) and banned the company from proprietary trading in stocks and derivatives after a trading error on Aug. 16 disrupted markets. The China
The China Securities Regulatory Commission (CSRC) decided to widen its investigation of stock trading systems to all brokerages following its probe into a small Shanghai-based company that made the high-frequency trading software used by Everbright, a CSRC spokesman said. The CSRC is …
Aug. 19 (Bloomberg) — Everbright Securities Co.’s woes worsened after erroneous trades that sparked the wildest Chinese stock swings in four years as the firm was banned from proprietary trading and said it today mispriced a bond sale.
A man walks past the sign of Everbright Securities Ltd. in Shanghai. Everbright, one of China’s biggest securities firms, has been fined $90 million after computerized trading mistakes caused wild swings in Chinese stock prices on Aug. 16.
China Everbright Securities shares tumbled 10% Tuesday as investors punished the company for executing fat-finger trading errors on back-to-back days.
Aug. 17 (Bloomberg) — Everbright Securities Co., the state-controlled Chinese brokerage that’s part of a group including financial firms and hotels, is probing a trading error that roiled the country’s stock market yesterday. The China Securities Regulatory Commission is investigating a surge
Everbright Securities Co.’s woes worsened after erroneous trades that sparked the wildest Chinese stock swings in four years as the firm was banned from proprietary trading and said it today mispriced a bond sale.