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Citigroup explains how May trading issue sent European markets into freefall
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A Citigroup trader who sent European stock indexes into free fall last month was working from home and went through several alerts before his order went live, people familiar with the matter said.
The bank was able to quickly cancel some trades, but is facing about $50m in losses, one of the people said.
On 2 May, the trader in London, working...
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