EBS Faces Two Freak Glitches, But Recovers Without Problems
DEALING & NETTING
Electronic Broking Service (EBS) experienced a tumultuous day May 8 on the back of two separate operational glitches. In the first instance, 200 transactions had to be unwound after an off-market, big figure quote was left standing after the market moved. The second instance was a 10-minute power outage caused by a switch being accidentally turned off.
Following a sudden, big figure move in the dollar/mark spot market Thursday morning, one trader's price was hit 200 times in the space of four
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