Human error causes yesterday's drop

A simple human error caused the 206 point plunge on the Footsie in the final minute of trading yesterday. The brokerage unit of the No.3 US securities firm, Lehman Brothers Holdings, mistakenly executed a £300m sell order on a basket of stocks, the Wall Street Journal reported. Lehman apparently added a zero to a £30m sell order it intended to execute. It may cost Lehman millions of pounds. However, the Footsie has recovered today, despite some hesitancy before the Federal Reserve's expected announcement of an interest rate cut today. Misys Plc, the UK's biggest provider of soft...