Seeking Alpha

Knight Capital (KCG +6.7%) is bouncing sharply as the company reportedly discovers the cause of...

Knight Capital (KCG +6.7%) is bouncing sharply as the company reportedly discovers the cause of its software glitch that distorted trading in hundreds of stocks. Two sources told Bloomberg that KCG inadvertently triggered an old software program as it was implementing a new one; the mistake multiplied trades by 1,000x and flooded the market with orders.
Comments (1)
  • GaryintheBronx
    , contributor
    Comments (50) | Send Message
     
    Solid organization proven by decisive moves. The good news will stack up - all well deserved.
    14 Aug 2012, 11:11 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs