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Home | Why Knight lost $440 million in 45 minutes |
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Why Knight lost $440 million in 45 minutes
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- August 03, 2012
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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/
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