Comments on: Emkay’s fat finger

By: Shankar

Shankar — Sat, 13 Oct 2012 08:18:08 +0000

Owneers, Managers and Auditor’s all believe if they (individually) control it, the have adequate internal controls. Maker and Checker means governance. However, it is viewed as loss of authority!THE EGO !!!!!!!

By: Hasan

Hasan — Wed, 10 Oct 2012 16:23:42 +0000

650 cr!!!!… emkay should be fined and shud pay through its nose..

By: haque

haque — Wed, 10 Oct 2012 13:48:28 +0000

“harshad ayya kya”…superb oneliner sir,

By: Bhushan

Bhushan — Wed, 10 Oct 2012 13:43:46 +0000

Well, a retail investor can also lose because of these guys. Many of these brokerages have a fancy scheme called PMS – Portfolio Management Services. I know people ‘investing’ 50 lakh to 1 cr in these. They have to give a blanket permission to the PMS provider that they can do anything with the money including futures/options. What if Emkay has used that money for this trade?

By: subra

subra — Wed, 10 Oct 2012 03:42:09 +0000

heard of TRADING RISK? if you are not ready for that, well, you should not trade. I have a running fight re the poor risk control mechanism with brokers, exchanges and the most imp the regulator. Sadly in this case, SEBI should LEVY a huge fine on NSE and cr it to the investor protection fund. Emkay should GO. However it is too powerful, so IT WILL NOT BEAR THE 60 CRORE LOSS. The small guy will – the Investor Protection Fund will bear the loss

However protection of the shareholder of a trader member is not a priority for a market regulator.

By: IsItPossible

IsItPossible — Wed, 10 Oct 2012 03:09:08 +0000

YES, you are right, unless I hold shares of Emkay… what if I did!!!

In short, this is becoming prevalent in Investment Brokerage firm and FAT fingers are becoming common every 6mths to a year….

Side effects of FAT finger in US:
1. Shares of Accenture and P&G were sold at .001 cents on stock exchanges… including many other firms
2. Many STOP LIMIT orders were hit, naturally who suffered!!! retail investor

So did we see any regulation!!! or even triggers in place to avoid it!!! well wait for next FAT finger and we will know….

By: subra

subra — Wed, 10 Oct 2012 02:57:24 +0000

Is It Possible?

will u explain how the retail investor suffers? unless he is the shareholder of Emkay?

By: IsItPossible

IsItPossible — Wed, 10 Oct 2012 02:50:50 +0000

FAT Finger!!!!

yeah, sure… blame it on FAT finger, has happened several times in US but yet NO regulation what-so-ever…. HFT (high frequency trading) is the name of the game these days in capital markets. Don’t expect any regulation as so called these FAT fingers are lobbying for HFT, huge money making business…. BUT who gets chopped??? Ofcourse retail investors….