TEK2day

Operating at the Intersection of Technology and the Capital Markets

Tag: Citi

  • Citigroup’s Trade Error To Cost Bank More Than $50 Million

    Manual trading errors such as the one described in the Bloomberg article referenced HERE can essentially be eliminated by implementing business rules within the Trade Order Management System (“TOMS”) / Execution Management System (“EMS”), that a given bank has installed (years ago TOMS and EMS were separate systems but today typically are a single system).…