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The May 6, 2010, flash crash, [1] [2] [3] also known as the crash of 2:45 or simply the flash crash, was a United States trillion-dollar [4] flash crash (a type of stock market crash) which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.
Knight Capital Group operated in four segments: equities, fixed income, currencies and commodities, and corporate. Operating business subsidiaries included Knight Capital Americas, L.P., Knight Execution & Clearing Services LLC, Knight Capital Europe Limited and Hotspot FX Holdings, Inc. [10] Knight Capital Group discontinued operations of its asset management segment in 2009 when its ...
The Knight Capital (NYS: KCG) trading debacle actually itself resolved fairly well. ... the day before the 2010 Flash Crash and who didn't bother to check his or her portfolio for a week wouldn't ...
If there's one thing we do know for sure about the outcome of the Knight Capital (NYS: KCG) debacle, it's that Knight itself got brutally punished for its trading-software mishap. As such, I was a ...
If the climax of Knight Capital's (NYS: KCG) story is a piece of trading software going disastrously haywire, the beginning was the trading giant trying to defend its turf. Knight's primary ...
On August 1, 2013, Perez released his second book, Knightmare on Wall Street: The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets. It is an account of the hours following Knight Capital 's August 1, 2012 trading disruption, which led to a $400 million rescue by Jefferies , Blackstone Group , GETCO , Stifel Financial ...
Knight Capital Group was founded in 1995 [9] as Knight/Trimark Group and had about 1400 employees at the time of the merger. Its largest business was market-making in US equities for retail brokerages , though it also provided other services such as electronic execution, dark pools , plus institutional sales and trading.
The latest trading snafu on Wall Street delivered what looked like a death blow to Knight Capital (NYS: KCG) after its new trading software went berserk and embarked upon a buying spree that was ...