Knight Capital (KCG) held around $7B of stocks at one point during its IT malfunction last week,...

|About: KCG Holdings, Inc. (KCG)|By:, SA News Editor

Knight Capital (KCG) held around $7B of stocks at one point during its IT malfunction last week, but managed to sell $2.4B by the end of the day, the WSJ reports. Knight then offloaded the rest of the portfolio to Goldman Sachs after turning down a bid from UBS, but still took a loss of $440M from the whole disaster.