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  • Knight's future in balance after trading disaster

    From reuters.com

    Read Full Story at reuters.com

    Knight Capital Group Inc was fighting for its survival on Thursday after a trading glitch that had roiled markets wiped out $440 million of the firm's capital, forcing it to seek new funding as its shares plunged 70 percent in two days. Some of the company's biggest customers, including TD Ameritrade, the No. 1 U.S. retail brokerage by trading volume, and Fidelity Investments are not routing orders through Knight. Smaller customers also were taking business elsewhere. The company, one of the largest U.S. market makers, said it is "actively pursuing its strategic and financing alternatives," ... (full story)

    • Loadedgun

        3,011 posts
    • Big boys lose too? Big time as well - not gloating just reminding all who think its the small fry at the receiving end always.

    • RichardHK

      47 posts
    • Actually very good to see the market punish these guys. Sadly, these HFT firms are forever taking out the small guys stops with all their whipsawing actions. Not a fair market overall and quite broken actually. Tread carefully.

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