Crisis in Trading: Human Error Unraveled

This chapter recounts a catastrophic trading error at Citi involving a miscalculation that led to a massive stock sell-off worth $444 billion instead of $58 million. The discussion highlights how misinterpretations and systemic design flaws in trading practices can lead to significant financial disasters. Additionally, it reflects on the legal ramifications and the overarching need for improved safeguards to mitigate such risks in high-stakes trading environments.