Knight Capital Says Trading Glitch Cost It $440 Million – NYTimes.com

Knight Capital Says Trading Glitch Cost It $440 Million – NYTimes.com.

Nader Nazemi-Knight Capital Group-Nader Nazemi

Knight Capital Group

Glitches are piling up. What seems to cause them ? 

$10 million a minute.
That’s about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm.
The Knight Capital Group announced on Thursday that it lost $440 million when it sold all the stocks it accidentally bought Wednesday morning because a computer glitch.
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