-
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.
-
By Inyoung Hwang and Stephanie Ruhle, Bloomberg |
August 8, 2012
Knight Capital Group Inc. Chief Executive Officer Thomas Joyce estimated last week’s trading loss will be $270 million after taxes and told clients the firm is “in good standing” with clearinghouses.
-
By Nina Mehta and Whitney Kisling, Bloomberg |
August 6, 2012
NYSE Euronext temporarily assigned responsibility for 680 stocks that Knight Capital Group Inc. handles as a primary market maker to Getco LLC so the broker could focus on shoring up its finances.
-
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.
-
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.
-
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.
-
By Michael McFarlin |
July 6, 2012
A wrap-up of recent industry moves and promotions.
-
By Whitney Kisling, Bloomberg |
July 5, 2012
The New York Stock Exchange’s plan to lure more stock orders from individuals was approved by the U.S. Securities and Exchange Commission, dealing a setback to Wall Street firms that increasingly keep the business for themselves.
-
By Michael McFarlin |
June 28, 2012
A wrap-up of recent industry moves and promotions.
-
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.
