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UBS Warburg: Too Early To Quantify Impact Of Dentsu Trade
sg.biz.yahoo.com

Dentsu, a Japanese advertising company, made its debut on the Tokyo exchange Friday. Its shares nose-dived shortly after the opening after an erroneous sell order by UBS Warburg.

Traders said UBS Warburg (Japan) Ltd. had mistakenly placed limit offers for 610,000 shares to be sold at Y16, instead of 16 shares to be sold at Y610,000.

Should be good for some major schadenfreude in advertising circles (going to cost UBS a bunch, though).

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Posted to Oh, the Humanity • 2001.12.01 (Sat) • 23:59

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