Typo stock trade costs $225 million

And I thought I made some mistakes in stock trading. A tard in Japan mistyped a trade and it ended up costing the firm 225 million buckeroos (27 billion yen).

The trouble began Thursday morning, when Mizuho Securities tried to sell 610,000 shares at 1 yen (less than a penny) apiece of a job recruiting firm called J-Com Co., which was having its public debut on the exchange.

It had actually intended to sell 1 share at 610,000 yen ($5,041).

Worse still, the number of shares in Mizuho’s order was 41 times the number of J-Com’s outstanding shares, but the Tokyo Stock Exchange processed the order anyway.

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