Knight Capital Group

[speedy_thrills]

$440m trading loss due to a computer glitch? Somehow I would have thought they’d have had failsafe mechanisms to put limits on the rate at which shares could be traded.

[stevejh]

Perhaps they did but that was what went wrong. One hell of a 'glitch' particularly if it bankrupts the company.

[Brother D]

To be fair, try being a compliance officer, phoning through to the help desk to say something is looking a miss with the company's position, then for helpdesk to phone India to say someone is complaining about a software release 'not looking right' to them phoning back to the UK to ask a senior dev to look into it and for the senior dev to say 'pull the plug'.

The fact they managed to halt it in 40 mins I think is a near miracle...

[Eric Mc]

Sounds very like the plot of Robert Harris' recent novel, "The Fear Index".

[Fer]

Lots of people packing cardboard boxes, I think.

[powerstroke]

Im sure they will be able to find the money and get it back it is theirs after all