What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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Knight Capital is a market maker. Basically a firm that add liquidity to buy and sell orders when there are no matches. They make profits on the spread. On August 1 NYSE had a rollout of the new Real...
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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Only when they use private info. Otherwise all is "fair."
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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Actually from another report I read the software was ready but they uploaded both the final version and the test version to the RLP network and it's the test software that caused the problems.
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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http://www.forbes.com/sites/halahtouryalai/2012/08/05/what-happens-to-knight-capital-tomorrow/
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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Probably outsourced it to India.
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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AFAIK front-running is illegal.
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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If you look at the past decade, you would think that Wall St doesn't think anything is illegal unless they get caught. Even after they get caught, pay fine but do not admit any wrong doing and move...
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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I don't get it. What happened exactly?
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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i'm still amazed on how they let a software bug impact them that much...
Did they decide to go cheap and hire a teen to code up their software? And why did they not do any testing before rolling...
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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asking if they tested isn't really fair. huge software programs will always have bugs no matter how much testing you do. it is the nature of software and this will always be true.
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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Kinda off topic but - i know a few people who work there and they are all major a-hole douches so i hope the place goes under!! Thank you.
Pretty certain they don't offshore, too much money...
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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I think i got it, thanks!
What Happens To Knight Capital Tomorrow?
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Thread created 08-05-2012 by cavan
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12 Replies
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Probably they tried to rush it into production before it was ready. It's generally the management, not the developers, that make a screw up of this magnitude.