Unveiled: The Knight Capital Fiasco's Root Cause

08/15/2012 08:27 am ET | Updated Oct 15, 2012
  • SCOTT PATTERSON, JENNY STRASBURG and JACOB BUNGE Wall Street Journal

The Aug. 1 trading meltdown that brought Knight Capital Group Inc. to the brink of collapse began when a botched software upgrade unleashed a rogue computer program, triggering millions of inadvertent trades, according to people briefed on the matter.

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