UBS cancels mistaken order of $30.9 billion

February 25 2009 17:00:35

UBS cancels mistaken order of $30.9 billion

Bloomberg

UBS said in a statement that an intended 30 million yen transaction was mistakenly recorded as 3 trillion yen because of an internal system error. "The erroneous trade was due to our own order system," UBS said in a statement. "We deeply regret causing a big problem for market participants."

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