3 ms·
Knight Capital updated their your stock algorithms on the fly, instead of properly investigating the cause of failure[1], resulting in a loss of USD$460 Million
by mikewarot 4y ago
Knight Capital updated their your stock algorithms on the fly, instead of properly investigating the cause of failure[1], resulting in a loss of USD$460 Million after unwinding most of the trades with other firms.
[1] https://en.wikipedia.org/wiki/Knight_Capital_Group https://en.wikipedia.org/wiki/Knight_Capital_Group