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If, as has also been reported, the problem stemmed from a trader adding a couple too many zeros to his sell order then part of the problem is poor software engineering. It is inexcusably incompetent when creating a user interface not to check the input for reasonableness and challenging the user when it is not.
Failing programming 101, no quality control and no adult supervision. Unfortunately, this is par for the course in most of the software I encounter. And this is in the private sector. Care to hazard a guess of how things go in the public sector.
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