WebJun 5, 2013 · The disaster is thought to have been caused by a glitch that made separate code threads try to do the same thing at the same time. (Image: Universal Images Group/Getty) Your online stuff: Amazon crash WebAug 6, 2012 · Steiner pointed out that such computer malfunctions have happened in the past, such as the glitch that affected Chicago firm Infinium Capital back in February 2010. …

Knight Capital Says Trading Glitch Cost It $440 Million - The New York …

WebAug 3, 2012 · Knight Capital Group Inc. scrambled Thursday to shore itself up and reassure panicked customers after disclosing a stunning $440 million loss from a computer … WebAug 2, 2012 · Knight Capital, the firm fingered for the glitch, responded by telling its customers to use other traders – and has since reported the loss as a result of the Wednesday, August 1 software problem. With a huge chunk of its value wiped out by the glitch, Forbes now says the cost of the bug is roughly equivalent to Knight Capital’s entire ... cnw operation lifesaver

Knight Capital head defends leadership Financial Times

WebSep 14, 2024 · Just 45 minutes later, Knight Capital’s servers had executed 4 million trades, losing the company $460 million and placing it on the verge of bankruptcy. Some shares … WebAug 2, 2012 · Talk about a bad day. In the mother of all computer glitches, market-making firm Knight Capital Group lost $440 million in 30 minutes on Aug. 1 when its trading software went, to use the technical ... WebAug 6, 2012 · Knight Capital, which suffered big losses after an IT glitch last week, has been saved by a $400m (£257m) rescue deal with a group of Wall Street firms. calculate hours in a day