Seeking Alpha

Knight Capital (KCG -0.4%) gyrated early but has settled near breakeven after posting a Q3 loss....

Knight Capital (KCG -0.4%) gyrated early but has settled near breakeven after posting a Q3 loss. The “Aug. 1, 2012 technology issue” - the software glitch that caused dozens of stocks to fluctuate wildly - turned out to cost $461M vs. previously reported $440M. KCG has essentially ceded control over its operations to an investor group, but CEO Tom Joyce tried to reassure that clients have not fled.
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