FinTech
Knight Capital's $440m trading loss 'caused by disused software'
Knight Capital, the US market maker, has blamed a computer trading error that cost it $440m (£282m) on disused software that was accidentally reactivated when a new program was installed, according to reports. On August 1, the dormant system started multiplying stock trades by 1,000, according to Bloomberg. Knight’s staff…
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Click here to read the full story: Telegraph