Automation the answer to costly fat finger errors
e-FX Forum: BNP FX exec says trading and booking problems can create up to 4% hit on P&L
Automation of booking processes is key to reducing the impact of fat finger and booking errors in foreign exchange, which can cost up to 4% of profit and loss in some cases, according to a BNP Paribas executive.
Concerns around operational risks introduced by human error have been heightened after the UK’s Financial Conduct Authority and the Prudential Regulation Authority fined Citi for fat finger errors that occurred between 2018 and 2022.
One of the most prominent errors to occur during this
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