Barclays PLC shares briefly dropped almost 10 percent in the opening minutes of yesterday’s session, the greatest intraday drop in more than a year, in what traders said was likely due to an error known as a “fat finger.”
The stock entered a volatility auction at about 8:06am in London after two trades totaling about 48,000 shares at a price of ￡1.68, Bloomberg data showed.
The shares recovered after the five-minute pause and were down 0.3 percent to ￡1.86 at midday.
Trades made in human error are often referred to as “fat fingers,” from the idea that a person’s oversized digits might cause