Software Glitch Costs Trading Firm $440 Million In 45 Minutes [Wtf]

Knight Capital lost $440 million in a flash on Wednesday when newly installed trading software went haywire. That's nearly double the company's second quarter revenue, and could be enough to sink Knight for good. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/6Gjy8s5hQKI/software-glitch-costs-trading-firm-440-million-in-45-minutes

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