@article {20978,
	title = {Fat-Finger Trade and Market Quality: The First Evidence From China},
	journal = {Journal of Futures Markets},
	volume = {36},
	year = {2016},
	pages = {1014{\textendash}1025},
	abstract = {More trading is algorithmic or computer generated, and in markets where it is allowed, high\&amp;amp;nbsp;frequency. However, what happens when there is an algorithmic trading error? This study\&amp;amp;nbsp;attempts to answer that question by examining the August 16, 2013, fat-finger trade in Chinese\&amp;amp;nbsp;equity and equity futures markets. We find that both markets were excessively volatile, illiquid,\&amp;amp;nbsp;and positively skewed. Moreover, we document that index returns are predictable for a shorttime, indicating that the fat-finger event induced an inefficient market. Our results highlight\&amp;amp;nbsp;the importance of market surveillance and regulation to lessen the damage of future fat-finger\&amp;amp;nbsp;events.},
	url = {https://doi.org/10.1002/fut.21771},
	author = {Ming Gao and Yu-Jane Liu and Weili Wu}
}
