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Wasn’t there a famous broker that also had a bug in their software and it ended up losing them hundreds of millions over a few hours of trading which put them u

Wasn’t there a famous broker that also had a bug in their software and it ended up losing them hundreds of millions over a few hours of trading which put them under? I can’t remember any more details than that, anyone knows what I’m talking about?

sitzkrieg 7y ago
the runaway citadel code maybe?
aweinstock 7y ago
The Knight Capital incident lost $440m in 45 minutes to a mistake in software deployment: https://en.wikipedia.org/wiki/Knight_Capital_Group#2012_stock_trading_disruption https://en.wikipedia.org/wiki/Knight_Capital_Group#2012_stoc...
- ornornor 7y ago
  Yes that’s the one I was thinking about.
  - AndrewBissell 7y ago
    Knight's clients remained whole from that debacle because they were capitalized enough to absorb the losses, and if I remember correctly another broker stepped in to take on their clients as well. Knight was also not really servicing retail clients.