First Thoughts

Knight Capital Group

The Knight Capital Group is an American global financial services firm engaging in market making, electronic execution, and institutional sales and trading.

Wall Street Chris Johnson Erik Schatzker Bloomberg Television


Eritrea's capital is calm a day after a group of mutinous soldiers reportedly stormed th...
Knight Capital seeks buyers for its credit sales, trading team: JERSEY CITY — Knight Capital Group, the market-m...
Peter Murphy, Matt Biety, and Matt Krebs move to BTIG, from Knight Capital Group.
fate of Knight Capital Group should become clearer by the end of the weekend
Reports 3 Penny Stocks to Keep an Eye on: Knight Capital Group, James River Coal Company, an...
Four months after a massive trading-technology glitch that cost it nearly half a billion dollars, Knight Capital Group is on the block, say people involved with the discussions, and could be merged in to one of its chief competitors.
To learn about Knight Capital Group, Inc. (NYSE Euronext: KCG) go to knight com.
Actually I didn't get that spike in $EURUSD right now. Oh wait! Who let the dogs out at the Knight Capital Group?
Humbled Knight seeks new CTO and operational risk manager: Knight Capital Group is looking for a new chief ...
News: Jefferies falls 7% on miss: Jefferies Group, the investment bank that helped rescue Knight Capital Group, ...
Jefferies Group Q3 profits boosted by Knight Capital stake
Panel to eye high-speed trading oversight: It also follows the loss by investment firm Knight Capital Group Inc.
Knight Capital Group's (KCG) head of trading algorithms, Joseph Wald, has left the company , marking t... $KCG
Head of Knight Capital’s Trading Algorithms Leaves: Knight Capital Group Inc.'s head of trading algorithms has l...
Chris Johnson from Knight Capital Group says it’s really about understanding the mechanics of how the ETF works.
On the panel: Chris Johnson from Knight Capital Group, Gary Knight from TSX Markets, Greg Jones, from National Bank F ...
Indeed! Seems you all are on same pg MT Ecstatic to read post
The lack of knowledge of can be dangerous. Knight Capital Group $KCG knows best because they lost $440 Million in 45 minutes.
Knight Jumps after Report Details Cause of Glitch: Knight Capital Group (KCG) rose more than 9% this morning, sp...
Reported Knight Capital Group to the SEC for $SIRI stock manipulation!
Knight Capital Group Inc. (KCG)’s $440 million trading loss stemmed from an old set of computer software
I Just removed Knight Capital Group, Inc. ($KCG) from my favorites.
A wake up call? Calls for MIFID II to address HFT after Knight capital loose $440m in software glitch
Knight capital resumes business today & normal participation at NYSE after bailout by a group of investors.
Knight says it has fixed cause of trading glitch: NEW YORK — Knight Capital Group, a stock trading firm, is blam...
The last piece of the puzzle from the Asian Persuasion -
Knight Capital Group, Inc. (KCG) nearly averted bankruptcy after posting a $440 million trading loss due to a blamed "error" in its software. The company was able to find last-minute financing from several institutions. The injection of capital helped the company stay afloat and stop the death spira...
Since bailing out Knight Capital this week, investor group has seen its $400 Mill investment double in value $KCG $AMTD
Trading losses at Knight Capital Group Inc were about $270 million after taxes from the August 1 software glitch that sent the firm scrambling for a financial
Knight Capital Group's (KCG) trading debacle on August 1, 2012, cost the firm $440mm, wiping out their total cash position, and then some. Since then, the firm has secured a $400mm financing from a group of firms led by Jefferies (JEF) ("the group") to save the firm. The terms of this financing allo...
Knight Capital says investors have agreed to supply it with $400 million in financing, which would help the trading firm stay in business after last week’s disastrous software glitch shook that stock trading and jeopardized its future.
So I find it ironic that some are seeing KCG worthy of a higher value now. To me, that is amusingly anomalous to the mathematic malfunction that nearly erased the company.
Knight Capital Group Inc. rejected a $500 million rescue-loan offer from Citadel LLC on Aug. 5 as it worked on a competing plan from a group of investors, said two people with knowledge of the matter.
Knight Capital Group Inc. KCG: NYSE; Financials/Investment Services OTHER EXCHANGES: Paris, Paris, More » Brendan Mcdermid/Reuters Updated: Aug. 6, 2012 Knight Capital Group is a global financial services company, with headquarters in Jersey City, N.J. Knight Capital was founded in 1995 and went public in 1998 after quickly becoming one of the largest middle men, or market makers, in the stock market. Knight founded DirectEdge, a company that is now the fourth-largest stock exchange operator in the United States. Knight sold stakes in DirectEdge to other Wall Street firms and now owns only a minority stake in the company. On Aug. 1, 2012, right after the markets opened, a software glitch at Knight rapidly moved the stocks of 148 companies. The trades pushed the value of many stocks up, and the company had to sell the overvalued shares back into the market at a lower price. The New York Stock Exchange received most of the mistaken orders, but all of the nation’s exchanges executed trades for Knight and ...
Maybe Knight Capital Group is only worth $1.50. Apparently the investor group that bailed Knight out has the opportunity to buy Knight @ the $1.50. C'mon Knight, how low can you go?
Knight Capital Group still does not know what caused the trading glitch that sent the company into a near-death spiral, but is taking steps to make sure there isn't a repeat performance, CEO Thomas Joyce told CNBC.
Forbes' "Street Sweeper" columnist Bill Singer engages SEC Chair Mary Schapiro in an imaginary debate over the federal regulator's response to the recent Knight Capital Group trading platform fiasco.
Knight Capital Group Inc., stepping back from the brink of insolvency, secured a $400 million infusion today through the sale of convertible bonds.
Knight Capital Group at midday on Sunday appeared to have generated about $400 million from a group of about a half-dozen investors, said a person involved with the deal.
Knight Focused on Investment to Add Capital, Keep Control: Knight Capital Group Inc. (KCG) (KCG) executives are ...
The Knight Capital Group was in talks on Sunday with a consortium of companies including TD Ameritrade and Getco over a possible injection of capital that would help stabilize the embattled trading firm, a person briefed on the matter told DealBook on Sunday.
The largest U.S. trader of equities on Wall Street, Knight Capital Group Inc was fighting for its survival on Thursday after a trading glitch wiped out $440 million of the firm's capital, leaving it on the edge of bankruptcy.
Aug. 2 (Bloomberg) -- Thomas Joyce, chairman and chief executive officer of Knight Capital Group Inc., talks about yesterday's trading errors and losses stemming from the breakdown. Joyce speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomber...
Knight talking to several parties on finance deal: source: NEW YORK (Reuters) - Knight Capital Group has been in...
One of the most interesting things about the catastrophe at Knight Capital Group—the trading firm that lost $440 million this week—is the speed of the collapse. News reports describe the bulk of the bad trades happening in less than an hour, a computer-driven descent that has the financial community...
As a torrent of faulty trades spewed from a Knight Capital Group trading program, no one at the firm managed to stop it for more than a half-hour.
bugs can be more than just annoying. They can be expensive, costing companies billions of dollars in repairs, lawsuits and lost sales. These coding errors can also cause physical damage and, in the worst case, fatalities. As Knight Capital Group Inc., one of the biggest U.S. market makers for stocks, struggles to survive a software bug that triggered a $440
The dangers of high-speed, computerised stock trading - which have in the past caused inexplicable "flash crashes" in the markets - have now been visited big-time upon one of the companies in the vanguard of wielding the technology.
Europe's top stock exchanges could be hit by a technology glitch that cost one of the New York Stock Exchange's top firms a staggering $440million, traders have warned.
Humans never learn and apparently neither do robots. Autonomous trading AIs went on a spending spree at Knight Capital Group in New Jersey
"The apparent trading error by Knight Capital Group on Wednesday reflects the type of event that can raise concerns for investors about our nation's equity markets...While Wednesday's event was unacceptable, I would note that several of the measures we instituted followed the Flash Crash helped to limit its impact...We will continue to review what happened and determine if any, additional measures are needed. That process has already begun. In particular, I have asked the staff to accelerate ongoing efforts to propose a rule to require exchanges and other market centers to have specific programs in place to ensure the capacity and integrity of their systems. And I have directed the staff to convene a roundtable in the common weeks to discuss further steps that can be taken to address these critical issues."
Knight Capital Group's faulty algorithm could drive the company out of business.
(Reuters) - The software glitch that cost Knight Capital Group $440 million in just 45 minutes reveals the deep fault lines in stock markets that are increasingly dominated by sophisticated high-speed
Interact with the KCG stock chart on Yahoo! Finance. Change the date range, view event overlays and compare Knight Capital Group, Inc. Clas against other companies.
Knight Capital Group Inc looses $440 million in less than an hour because of new software installed that did not operate as it was suppossed to. By the time they could shut it off they were $440 million poorer. If they don't find a partner they existed is done. Another example of greed magnified.
Thomas Joyce, the chief executive officer of Knight Capital Group Inc. who turned around the hobbled market maker a decade ago, is now fighting to keep the firm afloat after a trading breakdown spurred losses bigger than its profits in the last two years.
Knight Capital Group installed a new version of its algorithmic trading software which started aggressively buying up shares of 140 companies on the New York Stock Exchange not long after the markets opened on Wednesday.
Real time stock prices for Knight Capital Group Inc, including KCG stock quotes, stock trading and stock prices at CNBC.com
Knight is exploring strategic alternatives as the malfunction cost the company almost four times what it earned last year.
  This Knight Capital employee is human. A non-human employee, however, did the damage on Aug. 1. It's hardly surprising that, on Wednesday, a set of computer algorithms once again co-opted the stock market, making nonsensical trades that sent portfolions on accidental dipsy-do.  It is surprisi...
A technical glitch in an algorithm on one of Knight's marketing computers, caused it to mishandle 150 shares of NYSE stock.
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on the more stock exchange mayhem, Knight Capital Group, and the need for a
Okay I am going to advise you keep a ear out if Knight Capital Group KCG can show how to raise operating capital you should buy if by Monday afternoon still no capital say bye bye
Knight Capital Group lost $333,000,000 to $440,000,000 in about one day. It is now looking for more capital.
Options traders storm Knight Capital Group as shares nosedive
Know anyone currently working for Knight Capital Group? They won't be for much longer. Couldn't have happened to a better bunch of &:-"$.
Get detailed financial information on Knight Capital Group Inc. (NYSE:KCG) including real-time stock quotes, historical charts & financial news, all for free!
As stock swings mounted yesterday, the company told some clients of its market-making business that a “technical issue” was affecting its systems and advised them to route orders elsewhere.
The Dark pools of Knight repRises the May 2010 flash-crash as Bloomburg reports that yesterday the market’s open was rocked as Shares of Knight Capital Group Inc. (KCG), whose algorithms help execute about $20 billion of trades on an average day, tumbled the most EVER.
George WenschhofObama Campaign Airs New Spanish speaking Ad ---Jobless Claims Rise Slightly - the Labor Department reported initial claims for last week rose by 8,000 to 353,000. You can read more here.---Knight Capital Group Loses $440 Million on Erroneous Trading - the firm is seeking financing a...
Knight Capital Group Inc of USA lost $ 440 Million - half its capital - after an erroneous trading position due to a technical glitch. Problems at Knight, one of the largest firms that buys and sells stocks to provide liquidity to the markets, emerged at the beginning of trading on Wednesday. A bug in the new software introduced at the company on Tuesday night resulted in showing as if the company had a large amount of money (which was actually not there). and the programme automatically went about to buy shares. The programme has been now removed from the Company's server.
Knight Capital Group Inc. says losses from yesterday’s trading breakdown caused by a software glitch are $440 million, almost quadruple its 2011 net incomes. Its stock has lost 66% in two days.
Knight Capital Group has 'all hands on deck' after technical bug costs company $440 million |
The turmoil has forced Knight Capital to reach out to J.P. Morgan for emergency financing aimed at shoring up the company’s depleted capital base, a source told FOX Business’s Charles Gasparino.
Knight Capital announced a pre-tax loss of approximately $440 million on its "technology issue," and also said it had traded out of its entire erroneous trade position. How did it happen?
Knight Capital Group lost $440 million when it sold all the stocks it accidentally bought because a computer glitch:
Knight Capital Says Trading Mishap Cost It $440 Million: Shares of Knight Capital plunge as the trading firm dis...
Knight Capital Group says losses from trading breakdown are $440 million
And they say HFT is good for markets. Knight Capital Group one of the largest High Frequency Trading shops lost $440 million yesterday because their algo went rogue on them and they could not turn it off. Can we bring back the humans please?
Knight Capital Group ($KCG) lost $440 million yesterday - that's aLmost as much as Zuckerberg loses each day!
The New York Times Top Stories - August 2, 2012 Flood of Errant Trades Is a Black Eye for Wall Street By NATHANIEL POPPER An automated stock trading program suddenly flooded the market with millions of trades Wednesday morning, spreading turmoil across Wall Street and drawing renewed attention to the fragility and instability of the nation’s stock markets. While the broad stock indexes quickly recovered and ended the day slightly down, it was the latest black eye for the financial markets. The runaway trading suggests that regulators have not been able to keep up with electronic programs that increasingly dominate the supercharged market and have helped undermine investor confidence in stocks. Traders on Wednesday said that a rogue algorithm repeatedly bought and sold millions of shares of companies like RadioShack, Best Buy, Bank of America and American Airlines, sending trading volume surging. While the trading firm involved blamed a “technology issue,” the company and regulators were still trying ...
headline regarding the trading hick up caused by Knight Capital Group is of no surprise to me. The beginning of the apocalypse could easily start by the destruction of the stock market through deuling computer trading systems, kicking into a correlated trading algorithm which basically causes the flash crash of 2010, but much worse. No one should be putting their money in the stock market thinking that its a safe place for long term investment. It's only a place to put your money if you have a black box trading algorithm making taking those thousands of trades a second... (I'm working on mine...)
"Traders immediately pointed fingers at one of Wall Street’s most powerful brokerage firms, Knight Capital Group, speculating that a “rogue algorithm” kept buying or selling millions of shares of companies for 30 minutes, sending their shares soaring or plunging. The Jersey City-based company said in a statement that “a technology issue occurred” in the division of the company that uses computer algorithms to buy and sell stocks from other market participants." Capitalism.txt
Knight Capital Group (KCG) had a trading malfunction today that caused huge, unnatural stock moves in 148 stocks on the NYSE. The markets were roiled today from this bizarre trading, and it was reported all over the financial news. The trades happened from 9:30AM to 10:15AM.
Action! reports Knight Capital Group surge on news $KCG had technical issues
Trading glitch at Knight Capital roils markets
Another trading glitch: This time it's Knight: Knight Capital Group was behind a series of bizarre moves in othe...
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