What I think happened is a couple traders tried to include a laptop and 27" gaming monitor in the corporate order and, well, things sort of spun out of control when fatfinger forgot to review the cart before proceeding to checkout.
From The Irish Times, June 15:
Dell sued by Finnish company over $70m price increase for data centre servers
Technology group XTX Finland OY claimed the price had been fixed
The Irish-registered Dell technology firm is being sued by a Finnish company over a price increase of up to $70 million (€60 million) sought for providing servers for a 15,000 sq m data centre.
Global algorithmic trading and financial technology group XTX Finland OY has brought High Court proceedings against Dell Products Unlimited Company of Dublin, a global supplier of technology products.
The case was admitted to the fast track Commercial Court yesterday by Judge Rory Mulcahy on consent between the parties.
Paul Gallagher, barrister for XTX, said the case concerned 1,680 servers which are now going to be delivered but the dispute is over the uplift in price. It was his client’s position that there was a fixed price and some $70 million put into escrow but they were anxious to get that money as soon as possible....
....MUCH MORE
More seriously, as noted exiting April's "Jane Street Signs $6 Billion AI Cloud Agreement with CoreWeave":
...That last paragraph is key, the lines between trading houses and AI shops is disappearing.
Previously on XTX:
December 2022 - Volatility Is Our Friend: "Ex-Deutsche Bank Trader Builds $6 Billion Fortune on Trading Boom"
December 2024 - Attn: Math Mavens - Billionaire Trader Alex Gerko Is Willing To Bet Up To $1 Million On You & AI/Machine Learning
January 2025 - Quantitative-Trading Firm XTX Markets To Build €1 Billion Finnish Data Hub in Machine-Learning Bet
January 2026 - "Quants, lawsuits and politics: Inside London’s ‘super-secretive’ trading firms"
