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By Cristina Alesci, Whitney Kisling and Nina Mehta, Bloomberg |
August 6, 2012
Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.
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By Robert Schmidt and Michael J. Moore, Bloomberg |
August 3, 2012
The trading losses at Knight Capital Group Inc. renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
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By Whitney Kisling, Bloomberg |
August 2, 2012
Knight Capital Group Inc. has “all hands on deck” and is in close contact with creditors, clients and counterparties as it tries to weather trading errors that cost it $440 million, Chief Executive Officer Thomas Joyce said.
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By Alanna Byrne |
August 2, 2012
A costly computer glitch has left Knight Capital Group with a $440 million pre-tax loss, the firm announced Thursday, severely impacting its capital base and sending shares into a tailspin.
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By Whitney Kisling, Joshua Fineman and Lu Wang, Bloomberg |
August 1, 2012
Knight Capital Group Inc. told some clients of its market-making unit that a “technical issue” was affecting its systems and advised them to route orders elsewhere as dozens of U.S. stocks swung more than 10 percent today.
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By Saijel Kishan, Bloomberg |
May 24, 2012
Citadel LLC, the investment firm run by Ken Griffin, lost as much as $35 million on Facebook Inc. trades in a $1 billion hedge fund, according to a person with knowledge of the matter.
