Knightmare On Wall Street

Last week I wrote about the implosion of Knight Capital a market maker whose minor software glitch managed to almost implode the firm. Nanex a firm that deal in supply data and analysing market movements have produced the following little video that tracks one of their screens during the Knight meltdown. It starts a little…

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Olympians And Advisors

I get feeds from all sorts of things ranging from HFT, obscure bits of derivatives trading news, physics – particularly string theory (which I don’t understand nor does anyone else) to how to lift heavy things without your small intestine popping out your backside. But occasionally I get something I dont expect. Such is the…

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Keep in mind these thoughts for today: – Obstacles cannot stop you. Problems cannot stop you. Most of all other people cannot stop you. Only YOU can stop you. – There are 3 times when people change – When hurt enough, when they desire enough, or when they learn enough that they want to change.…

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Well….That’ll Learn Ya…

I came across this headline – Knight Capital Says Trading Glitch Cost It $440 Million $10 million a minute. That’s about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm. The Knight Capital Group announced on Thursday that it lost $440 million when…

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