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By Nina Mehta, Bloomberg |
August 14, 2012
Regulations put in place to protect investors after $862 billion of market value was briefly erased on May 6, 2010, were the same rules that almost ruined Knight Capital Group Inc. this month.
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By Stephanie Ruhle, Christine Harper and Nina Mehta, Bloomberg |
August 14, 2012
Knight Capital Group Inc.’s $440 million trading loss stemmed from an old set of computer software that was inadvertently reactivated when a new program was installed.
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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 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 Press Release |
July 17, 2012
The SEC says that the Wolfson brothers gamed short-selling restrictions to profit outside the rules.
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By Steven Sloan and Nina Mehta, Bloomberg |
July 11, 2012
The U.S. Securities and Exchange Commission adopted a rule today that would build a single system to monitor and analyze trading activity across U.S. equity and options markets.
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By Nina Mehta, Bloomberg |
July 10, 2012
The 32-year wait for a comprehensive record-keeping system to monitor trading across U.S. equity and options markets is approaching a conclusion.
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By Lisa Abramowicz, Bloomberg |
July 7, 2012
The $263 billion Pimco Total Return Fund is getting trounced by the firm’s four-month-old ETF that’s more than 100 times smaller.
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By Press Release |
June 21, 2012
Merrill Lynch allegedly overcharged customers $32 million in unwarranted fees and for failing to provide trade notices.
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By Nina Mehta, Bloomberg |
June 14, 2012
Getco LLC, a Chicago-based automated trading firm, eliminated about 40 jobs last week amid an industry slowdown in transactions.
