Knight Capital algorithm malfunction

Financial Times
Financial Times
  • 5 years ago
Investors' anxieties over volatile marktes compounded on Wednesday by a trading algorithm malfunction. It cost the brokerage company Knight Capital $440m. Lex's Stuart Kirk and Vincent Boland discuss the effect of another rogue algo on jittery markets.
For more commentary from the Lex team, visit http://www.ft.com/lex

Relate article: http://www.ft.com/cms/s/0/de03ec86-dc9f-11e1-bbdc-00144feab49a.html

http://www.FT.com/

Recommended

2:42
I
Up next
Barclays a brave buy
Financial Times
3:23
Nokia nuggets questioned
Financial Times
3:27
Irrational behaviour impedes Glencore/Xstrata
Financial Times
3:28
Rolls-Royce warns of headwinds, again | Lex
Financial Times
2:31
EU leaders offer the UK a six-month Brexit delay
Financial Times
3:06
BP questions remain
Financial Times
4:22
Tidjane Thiam’s big plan | Lex
Financial Times
0:36
Glitch That Caused Warren Buffett's Berkshire Hathaway Shares To Drop Over 99% Fixed Says NYSE, But Some Aren't Buying The Explanation: 'Doesn't Make Any Sense'
Benzinga
2:50
Why split Reckitt Benckiser?
Financial Times
2:55
Hard hit for Toshiba | Lex
Financial Times
4:07
Goldman to leave NYSE floor
Financial Times
2:53
Deutsche Bank profit warning
Financial Times
1:53
China market impact in 90 seconds | FT Markets
Financial Times
3:25
US banks earning: devil in the details
Financial Times
1:26
Not Nvidia Or Meta: Hedge Fund Titan Bill Ackman Sees Lucrative Opportunity In This 'Magnificent 7' Stock
Benzinga
3:06
Digital drives ad deal
Financial Times
1:03
Jim Cramer Pumps The Brakes On Alphabet Sell-Off: 'It's Just Got Too Much Going For It'
Benzinga
2:03
Why the Vix volatility index matters so much
Financial Times
2:42
News Corp starts to rebuild
Financial Times
3:03
Fiat Industrial's tax move to the UK | Lex
Financial Times
3:06
CME grasps European future
Financial Times
2:53
Buffett’s big bet on US manufacturing | Lex
Financial Times
12:37
Today's Biggest Winners And Losers - $AAPL $DIS $COIN $GME $HOTH
Benzinga
0:59
Roaring Kitty Shares 'The Dark Knight Scene' With A Twist: Is The GameStop Trader Going To The Bank With His Hoard?
Benzinga
3:00
HSBC housekeeping
Financial Times