Knightmare On Wall Street

Last week I wrote about the implosion of Knight Capital a market maker whose minor software glitch managed to almost implode the firm. Nanex a firm that deal in supply data and analysing market movements have produced the following little video that tracks one of their screens during the Knight meltdown. It starts a little…

Details

Olympians And Advisors

I get feeds from all sorts of things ranging from HFT, obscure bits of derivatives trading news, physics – particularly string theory (which I don’t understand nor does anyone else) to how to lift heavy things without your small intestine popping out your backside. But occasionally I get something I dont expect. Such is the…

Details

Well….That’ll Learn Ya…

I came across this headline – Knight Capital Says Trading Glitch Cost It $440 Million $10 million a minute. That’s about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm. The Knight Capital Group announced on Thursday that it lost $440 million when…

Details