Windfalls For Gutsy Traders After Six Minute Slip By RBA
TRADING
SYDNEY--An electronic slip-up of just six minutes by the Reserve Bank of Australia last Wednesday gave a windfall pay-out to those foreign exchange and debt traders sharp enough to seize the opportunity.
At 9.24am (local time) Australia's central bank inadvertently e-mailed details of its interest rate hike to 64 parties. Although the list contained newspapers and journalists, it also contained many--but not all--of the country's leading banks. The official announcement was to have been made at
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