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Archive of entries posted on 3rd August 2012

No simple answers to the high-speed black box trading systems

Knight Capital, the biggest stock trader, loses an impressive $440 million — all its capital and more — in 45 minutes. They may go broke, unless a white knight (bad pun) bails them out today or this weekend. That’s not the story, though that’s all the financial press seems to care about. A  “glitch” in […]