Details of Knight $460 million disaster
1 comment / October 27, 2013
It has been little more than a year ago when Knight updated some stuff on their servers, and lost over 460 million dollar. The firm bought in 80 stocks a total of $3.5 billion and sold short 74 stocks for $3.15 billion. That’s a nightmarish bug in the trading software. A document with the SECRead more