Tag Archives: RIP

RIP Knight Capital

Knight Capital RIP

The speed with which this company has imploded boggles the mind.

  • Tuesday evening Knight installs new software to conform with a New NYSE Retail Trading Program
  • Wednesday morning betwen 9:30 – 10:00 am EST a bug burns through 5 billion in trades losing $440 million
  • Thursday Knight Capital (KCG) CEO goes on Bloomberg to talk about nothing
  • Thursday KCG loses 60% of it’s market cap
  • Thursday Citadel is being referenced as a possible buyer

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