Trader Type One, Dow Jones Falls Free

Trader Type One, Dow Jones Falls Free Trader who allegedly caused due to a typo figure of U.S. $ 16 million to U.S. $ 16 milia, The perpetrators of the leading stock markets, Wall Street, in New York, United States (U.S.) a scene after the Dow Jones index of stock prices "free fall" hardly amounted to 1,000 points. Alleged that the downturn of the index not only because of investor concerns over the debt crisis in Greece, but because there are brokers that a typo.

Fortunately, the Dow could rise again. In late trade on Thursday afternoon New York time, the Dow is only down 347.80 points (3.2%) to 10 520. That, too, including a significant decline in stock prices for groups of these blue chips.

Index Standard & Poor's 500 fell 37.75 points (3.2%) to 1128.15. Similarly, the Nasdaq composite index, fell 82.65 points (3.4%) to 2319.64.

But the managers and actors of Wall Street stock market could be surprised to see the Dow down nearly 1,000 points (approximately one-tenth of the total serial index) only in a period of less than half an hour. It is the largest decline experienced by the Dow during the transaction.

Like the last few days, the indices on Wall Street in the transaction is expected to continue to decline Thursday after investors were worried over the potential spread of the Greek debt crisis that could adversely affect the European economy and, ultimately, overseas.

However, in the afternoon trading session, there was an unusual decline in the Dow. Group of leading industry players share in the U.S. that could be seen slumped 998.50 points before finally slowly-slowly back up in the afternoon session. Last time the Dow was in free fall at 15 Oktoober 2008. In times of financial crisis when it peaks, the Dow jomplang 780.87 points.

Market participants could also see the data that was white. They also crowded around television screens, there are events to find out what could make the Dow index down by storm. "I fell from a chair. Looks like we're out of control," said Jack Ablin, Harris Private Bank broker from Chicago.

This allegation appears sharp decline is not solely due to the Greek crisis, but there is an error in the sale of shares via the computer system. Supervisor exchanges are investigating the news that there is a broker who is typing a computer button. Traders suggested that it would sell its stake for U.S. $ 16 million, but that she typed is U.S. $ 16 billion.

The mistake was enough to trigger a selloff in shares of large scale. The mistake seems to be fixed. Manager of the New York stock market (Wall Street) states there is no interference with the main computer system, but does not explain whether there are brokers who make typographical errors.

Securities and Capital Market Commission (SEC) states are investigating what actually happens behind the drop in the Dow. The regulatory body is "working with Exchange, to conduct the appropriate steps to protect investors," the SEC said.

"I think the machine [computer] could take over the situation. Not a lot of human interactions in the system," Charlie says Smith of Fort Pitt Capital Group. "We know that trade with the automatic system can be casual and I think that's what happened today," continued Smith.

Many professional investors and traders on Wall Street using special computer programs for buying and selling shares of major parties. The program uses a mathematical model designed to display the best stock price for a trader.

However, too often the movement of a computer program that figures very quickly, depending on the intensity of the transaction.

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