On August 1, 2012, Knight Capital Americas LLC experienced a significant error in the operation of its automated routing system for equity orders, known as SMARS. While processing 212 small retail orders that Knight had received from its customers, SMARS … Continue reading ?
Originally posted at Python Sweetness blog, This is probably the most painful bug report I’ve ever read, describing in glorious technicolor the steps leading to Knight Capital’s $460m trading loss due to a software bug that struck late last year, effectively bankrupting the company. Show More Summary
(Reuters) - KCG Holdings Inc laid off around 3 percent of its U.S. workforce and 5 percent of its European staff on Tuesday following a review of its business, which formed in July following the takeover of trading firm Knight Capital by rival firm Get...
Cut are said to have gone down at the kingdom. From the front lines: “Big across the board layoffs today at KCG. Cutting headcount after settling with the SEC for 12 mill. A couple senior guys from the Knight Direct desk, as well asShow More Summary
The SEC concluded that the glitch occurred because of a lack of adequate risk management controls.
Knight Capital Group's successor has agreed to pay $12 million to settle Securities and Exchange Commission allegations that it failed to have safeguards in place that could have prevented mistaken trades that caused more than $460 million in losses last year.
Knight Capital, U.S. Wireless Online: In an amended 13G with the SEC just now, Knight Capital disclosed a small 0.16% stake in U.S. Wireless Online (OTCMKTS:UWRL). Shares of the micro-cap are down almost 50% in 2013, so we’ll watch this situation closely. Disclosure: none
NEW YORK (Reuters) - The successor company to Knight Capital Group is near a settlement of around $12 million with the U.S. Securities and Exchange Commission related to last year's trading glitch that disrupted equity markets and led to Knight's sale,...
Earlier this month, Upworthy, a site that curates irresistibly sharable content, announced that it received $8 million in funding from Spark Capital, Catamount Ventures, Uprising, and the Knight Foundation. Impressive as that is though, the news of its latest infusion of funds is just one out of the many, many achievements of this online media [...]Show More Summary
Upworthy, the website aiming to make meaningful videos go viral, has raised $8 million in Series A funding led by Spark Capital, an early investor in Tumblr and Twitter, along with Catamount Ventures, Uprising, and the Knight Foundation.
Call Start: 12:10 Call End: 12:42 Union Pacific Corporation (UNP) RBC Capital Markets Global Industrials Conference September 10, 2013 12:10 PM ET Executives Rob Knight - CFO Analysts Walter Spracklin - RBC Capital Markets Presentation Walter...Show More Summary
"What's getting knighted mean?" a child will ask you someday. Your modernized reply: "It means you get called Sir with a capital S, and also that Gandalf officiates your wedding. When you want to announce that you got married, you can do it with a picture of yourself and your new... More »
NEW YORK (Reuters) - KCG Holdings Inc, the trading firm formed in July after Getco Holding Co's $1.4 billion takeover of Knight Capital Group, said on Wednesday that the head of its exchange-traded funds team and two other managers were leaving the co...
The trader once dubbed “The Godfather of ETFs” and two senior colleagues are leaving KCG Holdings Inc., the parent to exchange-traded fund market-making firm Knight Capital Group, the latest twist since the company’s acquisition by Getco Holding Co. Reggie Browne, managing director of KCG’s listed derivatives group, was unable to agree to terms on a new contract, [...]
Is Knight Capital Group Inc. (NYSE:KCG) a good investment? In today’s marketplace, there are dozens of indicators shareholders can use to watch publicly traded companies. A duo of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best […]
Now that we know more about yesterday's options trading error could cost Goldman Sachs hundreds of millions, we know that it looks a lot like another massive trading mistake — Knight Capital's $450 million trading glitch from 2012. Both...Show More Summary
Matter, the San Francisco-based accelerator and early-stage venture capital firm, held a Demo Day in New York today for its first class after an initial Demo Day last month in SF. Matter formed last year and is backed by the Knight Foundation and KQED, a public media network, with support from the Public Radio Exchange, PRX.
By Three Knights Capital: The United States Preventive Services Task Force, or USPSTF, reversed its stance late on June 25 to conclude that all baby boomers - those people born between 1945 and 1965 - should be tested for hepatitis C. Show More Summary
New music from A La Sole of the Pro Era crew, produced by The Entreproducers. Previously: Capital STEEZ – King Steelo | Joey Bada$$ – Summer Knights (Mixtape)
Your Wednesday reading in 20 words or less: Knight Capital’s Reggie Browne pours some cold water on the Winklevoss Bitcoin Trust. — Brendan Conway, Barrons.com Are ETFs becoming the “true marke” for niche asset classes? In one important sense, the answer is no. — Paul Amery, Index Universe The more people pile into hedge fund-like [...]