WebAug 6, 2012 · Just after 7 a.m., Knight made a regulatory filing saying it had secured a $400 million lifeline but that the deal wasn't yet sealed. An hour later, the New York Stock Exchange threw another twist ... WebAug 9, 2012 · When it comes to lethal bugs, the computer glitch that set fire to $440 million of Knight Capital Group's funds last Wednesday ranks right up there with the tsetse fly. In less than an hour,...
Case Study 4: The $440 Million Software Error at Knight …
WebJan 27, 2012 · Description. KCG Holdings was a global financial services firm that provided access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporate issuers. The firm engaged in market making and trading across global equities, fixed income, foreign exchange, options and futures. WebKnight Capital to Pay $12 Million Fine on Trading Violations. Knight Capital’s settlement with the S.E.C. stems from a wave of accidental stock orders on Aug. 1, 2012, that … incendiary features
Knight says it has fixed cause of trading glitch - CBS News
WebAug 6, 2012 · The error caused Knight to place unauthorized offers to buy and sell shares of big American companies, driving up the volume of trading and causing a stir among traders and exchanges. Knight... WebKnight Capital Group Inc.’s ( NYSE:KCG) stock plummeted nearly 60 per cent Thursday after a trading glitch cost the firm $440 million. The global financial services company, which … WebAug 14, 2012 · The errors at Knight on Aug. 1 involved new code the Jersey City, N.J.-based brokerage designed to take advantage of the launch of a New York Stock Exchange trading program, which was introduced that day to attract more retail-trading business to the Big Board, the people say. ... incobex inc-10301