Knight stock trading
Knight said in a statement that it has closed out of all its positions related to the erroneous orders and removed the software that caused the problems from it systems. With these massive losses on its books, Knight said it is now actively seeking ways to raise more capital. The company didn't specify whether it might also be looking for a buyer. With Knight's stock cratering, it seems like almost any available option will be on the table.
Knight CEO Tom Joyce told Bloomberg Television Thursday that the firm is moving quickly to mitigate the fallout. Knight's bizarre trades rattle markets.
Knight Shows How to Lose $ Million in 30 Minutes - Bloomberg
Joyce said that the trading glitches stemmed from a software program Knight had put in place Tuesday evening. Devenir courtier forex not clear how much testing had been done knight stock trading Knight's CEO acknowledged to Bloomberg that new software had a "fairly major bug in it. A big question is whether brokers who can trade elsewhere will still be willing to route orders through Knight's systems.
The company also tried to quell concerns over whether it had enough capital to make hsbc hk buy us stock in trades, saying in a statement that Knight and its subsidiaries were "in full compliance" with capital requirements.
The trading problems have forced Knight's CEO into an awkward position. Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets.
KNX Stock Price - Knight Transportation Inc. Stock Quote (U.S.: NYSE) - MarketWatch
Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times. The Buzz All markets and investing news all the time.
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