right-img
Home Featured News Finance News Banking News
finaceandbankingnewsnow
Home | Why Knight lost $440 million in 45 minutes

Why Knight lost $440 million in 45 minutes

  • August 03, 2012
  • FORTUNE -- In life there are few coincidences, and this one probably isn't either: The day Knight Capital Group's computers nearly blew up the market and lost the firm $440 million in 45 minutes is the same day that the New York Stock Exchange (NYX) launched a new trading system that was, in part, meant to take business away from Knight (KCG).

  • Read more at:http://rss.cnn.com/~r/rss/money_topstories/~3/nD3XNM05AAo/
  • Other News
Site Created by finaceandbankingnewsnow.com