51–60 of 92 posts
In this case, if the value is unusually high say greater than 100 billion, make the trader type 100 billion before proceeding.
I confess that I also ignore popups and just click ok. This is where i appreciate github asking me to type the name of the repository, just to make sure that I know what I am doing.
I like github's solution to deleting a repository. A popup makes you type the repository name before confirming deletion. In this case, if the value is unusually high say greater than 100 billion, make the trader type 100 billion before proceeding. I confess that I also ignore popups and just click ok. This is where i appreciate github asking me to type the name of the repository, just to make sure that I know what I…
I've been in the room when it happened. In one memorable incident, a junior trader I sat opposite bought 100 bn Japanese Yen instead of 10 bn. His excuse? "I lost track of the zeros". We'd only hired the guy because he had a PhD and "PhD's are smart" - lol. In his defense the UI was awful. He left soon after...
How do you buy 10,000,000,000 (let alone 10x that much) of something as a junior trader without someone signing off on it? There's nothing at all to stop catastrophic actions being taken by anyone in the organization?
N = Length of string D
D = [0-9]+\.[0-9]+
C = 2 check digits using IBAN method against ND
When entering and exchanging potentially very large money amounts, it behooves risk management of entered, encoded, and transmitted prices carefully like the following: NDC. N = Length of string D D = [0-9]+\.[0-9]+ C = 2 check digits using IBAN method against ND
I've been in the room when it happened. In one memorable incident, a junior trader I sat opposite bought 100 bn Japanese Yen instead of 10 bn. His excuse? "I lost track of the zeros". We'd only hired the guy because he had a PhD and "PhD's are smart" - lol. In his defense the UI was awful. He left soon after...
Most of exchanges and brokers have a dialog window “Looks like unusual order with high price impact - do you really want to execute yes/no” So definitely an UI issue.
> However, as data from that external feed was unavailable, the price of the value of the Index instead defaulted to -1 To me, this reeks of a couple of bad experiences I had repeatedly as a back end developer coordinating with the front end: 1. Demanding that my services always returned correct-looking data, even if it wasn’t available, because they couldn’t (or wouldn’t) handle errors. The story always went like th…
Earlier quoted context omitted.
This is a phenomenon in so many different jobs, and is called “alarm fatigue”. From https://www.nytimes.com/2010/08/01/weekinreview/01wald.html : > On Tuesday, the National Transportation Safety Board said that a crash last year on the Washington subway system that killed nine people had happened partly because train dispatchers had been ignoring 9,000 alarms per week. Air traffic controllers, nuclear plant operators…
> nurses in intensive-care units and others do the same. The last time I was in hospital, I came out the next day and my ears were ringing for a couple of days from the _constant_ ringing of alarms.
Earlier quoted context omitted.
This triggered a repressed memory. I was once on an ops team responsible for an application that had been turned over to us written in Java. The application ran in Tomcat, and prior to turning it over to us, the external vendor had "helpfully" built some monitoring and alerting for the application. One of the metrics they monitored was how many errors per minute and per hour were happening the application's logs. Whe…
"The errors let you know it's working; it's when the errors stop you have to worry."
When entering and exchanging potentially very large money amounts, it behooves risk management of entered, encoded, and transmitted prices carefully like the following: NDC. N = Length of string D D = [0-9]+\.[0-9]+ C = 2 check digits using IBAN method against ND
It doesn't seem that this would have helped here: the trader entered exactly the number that they intended to, just that their intent was misconceived.
But the intent of what I suggested is to guard against many classes of errors including data entry, storage, transmission, and interpretation.