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Knight Capital

Book Review: The Meltdown of Knight Capital, Captured in Detail in Knightmare on Wall Street

James Grundvig | Posted 04.05.2014 | Home
James Grundvig

The August 2003 blackout of the northeast United States was a system of systems failure, in which things didn't go as planned, alarms didn't trigger, ...

'Kill Switches' Not 'The Big Red Easy Button'

Reuters | Posted 12.03.2012 | Business

* SEC convenes roundtable following Knight error * Executives broadly support concept of kill switches By Sarah N. Lynch...

Regulators Asking If Huge Glitch Should Have Been Caught Sooner

Reuters | Posted 10.16.2012 | Business

* Dormant software caused problem * SEC asking if glitch should have been caught By Jessica Toonkel and John McCrank ...

Stock Market Computer Glitch Plenty to Worry About

Ted Kaufman | Posted 08.13.2012 | Business
Ted Kaufman

The markets don't belong only to people like Mr. Joyce; they should and must belong as well to individual investors. Congress and the regulators must recognize that action is long overdue.

Knight Capital Debacle Screams for Transaction Tax Now

Daniel Dicker | Posted 10.09.2012 | Business
Daniel Dicker

Our stock markets have been hijacked and are coming apart, unsafe at any speed for any investor. That's the message that the $440 million scandal at Knight Capital Group is telling us.

Knight Falls Down in Its Heraldic Duties

John Bates | Posted 10.09.2012 | Business
John Bates

They want to think that machines are biddable and programs run smoothly. But with traders and market makers creating and deploying new systems and algorithms constantly, the danger of something going wrong is inevitable.

Wall Street Robots Have Taken Over The Market, Horrifying GIF Shows

Mark Gongloff | Posted 10.07.2012 | Business
Mark Gongloff

This is what it looks like when the robots take over the stock market.

The Fragility of the US Markets

Dave Lauer | Posted 10.07.2012 | Business
Dave Lauer

The U.S. markets are on the edge of chaos right now. We've been seduced by the technological beauty of these intricately interwoven systems but are now being betrayed by the chaos and non-linearity of their interactions with each other.

Run Amok

David Sable | Posted 10.06.2012 | Technology
David Sable

Let us be aware that we are the limiting factor, and the more we blindly rely on technology without any sense of human need and limitation, the more it will run amok.

Knight Capital Rescuers Totally Fine Handing Over Market To Insane Robots

Mark Gongloff | Posted 10.06.2012 | Business
Mark Gongloff

You might think the experience of pulling Knight Capital out of the flaming wreckage of its high-speed trading crash might make Wall Street finally see the need for regulation of high-speed trading. You would of course be dead wrong.

Struggling Company's CEO: 'Clearly We're Not Happy With How It Played Out'

Reuters | Posted 10.06.2012 | Business

Aug 6 (Reuters) - The rescue deal that Knight Capital struck with a group of investors was "absolutely" the best it could have done, Chief Executiv...

Knight Gets $400 Million Lifeline

Reuters | Posted 10.06.2012 | Business

* Investors get 70 percent-plus in company * Analyst says company likely to be broken up * CEO: Too soon to say if firm ...

Complete Knightmare Averted For At Least One Day

Reuters | Posted 10.03.2012 | Business

Aug 3 (Reuters) - Knight Capital Group Inc has told brokers that it has obtained a line of credit, which will allow it to operate for the day, the W...

The Never-Ending Knightmare

The Huffington Post | Jillian Berman | Posted 08.03.2012 | Business

Thing One: The Never-Ending Knightmare: Knight Capital, the firm that lost $440 million from mistaken trades earlier this week, is learning the value ...

Brace Yourself For More Knightmares

Mark Gongloff | Posted 10.02.2012 | Business
Mark Gongloff

Maybe this is the fastest way to get high-frequency trading robots to stop ruining our stock market: Have them destroy each and every trading company that operates them.

'Something Went Haywire Somewhere'

Reuters | Posted 10.01.2012 | Business

* Huge volume in small stocks roils markets * Knight cites "technology issue" in market-making unit * Knight's stock plu...

Trading Group Says It Lost Millions On Facebook IPO, Demands Nasdaq Pay It Back

Reuters | John McCrank and Ashutosh Pandey | Posted 07.23.2012 | Business

By John McCrank and Ashutosh Pandey (Reuters) - Electronic trader Knight Capital Group said it suffered a pre-tax loss of $30 million t...