SSE holds online presser on "Everbright Fat Finger" case

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China is set to strengthen its trading error supervision and risk prevention mechanism in its stock market.

At an online press conference held Sunday on the Twitter-like social network Sina Weibo, the Shanghai Stock Exchange said China needs effective risk prevention methods to detect and stop erroneous trading before transactions are completed.

The Exchange made the response after a computer system malfunction was identified as the cause of Everbright Security’s "fat finger trade" incident earlier this month. The notorious error caused the Shanghai Composite Index to jump 5.6 percent in a matter of seconds on August 16th.

China’s top securities regulator said on Friday that an investigation into the case had been completed, with a final decision to be released soon.

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• Everbright Securities under scrutiny
• Who’s watching market operations? Everbright debacle raises questions
• Everbright Securities resumes trading of shares
• Error sinks brokerage equities
• Glitch rings regulator's alarm bell
• China stocks open lower, probe into Everbright Securities continues
• Major equity market volatility in history
• China Everbright Bank joins hands with telecom giant in mobile finance
• SSE confirms Everbright Securities problems

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