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

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

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.