Tag Archives: With No ‘Off’ Switch

Knight Capital Group – Trading Program Ran Amok, With No ‘Off’ Switch – 9 August 2012

 

When computerized stock trading runs amok, as it did this week on Wall Street, the firm responsible typically can jump in and hit a kill switch.

But as a torrent of faulty trades spewed Wednesday morning from a Knight Capital Group trading program, no one at the firm managed to stop it for more than a half-hour. Continue reading

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