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The Great Capcom Bond Purchase Bungle

Swiss bank UBS (stay with me) placed an order of 3 trillion yen (US$31 billion) for Capcom bonds. Make that, mistakenly placed an order.

The bank intended to place an order for 30 million yen bonds in Capcom, but instead a substantially larger order was placed. UBS does not describe the mistake as "human error."

This the second time in eight years that a UBS unit have given the Tokyo Stock Exchange a bum order.

The erroneous order was placed in electronic out-of-hours trading, making it easier to cancel. Capcom received an apology from the Tokyo Stock Exchange for the inconvenience — and heartbreak.

UBS in $31bn bond order mistake [BBC via Otaku News]

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