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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_
by 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 agoYes that’s the one I was thinking about.
- AndrewBissell 7y agoKnight'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.