1. Text: | Print|

      Design flaws blamed for Everbright trading errors

      2013-08-19 07:54 Xinhua Web Editor: qindexing
      1

      It was not human error, but design flaws in a trade unit of China Everbright Securities (CES) that triggered the anomalous trades on Friday, according to the China Securities Regulatory Commission (CSRC) on Sunday.

      The Everbright proprietary "strategy trading system" has flaws in aspects like program call and limit control and the flaws were triggered sequentially, resulting in huge orders at market prices, said a CSRC spokesperson.

      The total declaration for buying totalled 23.4 billion yuan (3.8 billion U.S. dollars) and the actual transactions topped 7.27 billion yuan, the spokesperson said.

      CES also acknowledged the flaws in the strategy trading system at a press conference on Sunday evening.

      CES suffered an overall loss of 196 million yuan on Friday trading, according to the conference.

      CES is actively collaborating with the regulating authorities in the investigation, said Xu Haoming, the CES president.

      The company has sealed up the system and trading data as well as documents and transaction flow. A scrutiny on all the trading systems is under way, said Xu.

      CES will perform its duties and obligations on investor compensation according to law, said Mei Jian, secretary of the CES board of directors.

      The erroneous trade caused a swift rise in domestic A-share stocks in minutes at the end of Friday morning trade. The benchmark Shanghai Composite Index spiked 5.96 percent within three minutes on Friday.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: a级片免费在线观看| 亚洲国产91在线| 国产精品亚洲片在线| 国产亚洲精AA在线观看SEE| 色噜噜的亚洲男人的天堂| 九九九精品视频免费| 麻豆高清免费国产一区| 成人爽A毛片免费看| 亚洲女同成人AⅤ人片在线观看| 久久亚洲国产中v天仙www| 亚洲精品免费网站| 中国内地毛片免费高清| 无码视频免费一区二三区| 亚洲国产一成人久久精品| 东方aⅴ免费观看久久av| 国产自产拍精品视频免费看| 久久精品九九亚洲精品天堂| 日韩免费在线视频| 四虎影院永久免费观看| 亚洲国产精品综合久久网各| 一级女人18片毛片免费视频| 在线观看亚洲天天一三视| 国产精品亚洲综合五月天| 99re热免费精品视频观看| 无码乱人伦一区二区亚洲一| 亚洲av无码兔费综合| 一二三四在线播放免费观看中文版视频 | 三年片在线观看免费观看大全一 | 在线人成免费视频69国产| 亚洲AV日韩AV高潮无码专区| 亚洲网站免费观看| 无码天堂亚洲国产AV| 亚洲啪啪AV无码片| 黄网站色成年片大免费高清| 中文字幕av无码无卡免费| 国产精品亚洲专区一区| 在线观看成人免费视频| 亚洲综合综合在线| 无码中文字幕av免费放dvd| 亚洲国产日韩精品| 久久久久无码专区亚洲av|