Knight Capital says it lost $35M as a market maker for Facebook's bungled trading debut, and...

|By:, SA News Editor

Knight Capital says it lost $35M as a market maker for Facebook's bungled trading debut, and estimates total losses for banks and brokerages at up to $200M. That's double the figure already bandied around and well above the $40M Nasdaq (NDAQ +0.5%) is offering in compensation. "It's underwhelming at best," says Knight CEO Thomas Joyce.