Traders at Knight Capital are already making calls for jobs elsewhere as the stock hits multi-decade lows, Gasparino reported. Knight employed a 1,418 people as of the end of the second quarter. “It’s a war zone here; bullets are flying. I’m just trying to survive,” a senior Knight executive told FOX Business. “It’s going to be hard for Knight because this is their distinctive competence. This is what they do,” said Robert Steven Kaplan, a Harvard professor and former vice chairman at Goldman Sachs. “If they make a mistake like this that costs this much money, it casts out on their entire franchise and capability.” [FBN]

15 comments (hidden to protect delicate sensibilities)
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Comments (15)

  1. Posted by one | August 2, 2012 at 4:39 PM

    Really, a war zone you say? Somehow I doubt that.

    1st Infantry Division
    Helmand Province, Afghanistan

  2. Posted by UBS MD | August 2, 2012 at 4:48 PM

    I'm just doing what I do…. the way i've always done

  3. Posted by Lowly Assistant | August 2, 2012 at 4:50 PM

    Charlie Gasparino looks so regal while reporting in kevlar.

  4. Posted by Vinnie the Guinea | August 2, 2012 at 4:51 PM

    Fuck. Them.

  5. Posted by Guest | August 2, 2012 at 4:53 PM

    You think they'll forget about us now?


  6. Posted by guest | August 2, 2012 at 4:53 PM

    Ahhh yes, Seppuku.

  7. Posted by Charlie's intern | August 2, 2012 at 5:46 PM

    Its not a kevlar vest. Charlie's been hitting the shake weight quite a bit lately.

  8. Posted by Indulgence peddler | August 2, 2012 at 5:52 PM

    But but but what happened to the promise of those riskless HFT trades everyone was blathering about forever! Sharpe 20 50% RoR, etc.

  9. Posted by The 1% | August 2, 2012 at 7:58 PM

    Wow UBS really does suck

  10. Posted by An admirer of things | August 3, 2012 at 2:30 AM

    Got to hand it to the Knight Capital guys – they might not have the sheer size of an LTCM, the panache of an Amaranth or the whodunnit of an MF Global, but managing to blow yourselves up in 30 minutes or less has its own kind of spectacular. Those guys are the Kohei Uchimura of financial blow-ups. I guess it is true what they say, computers are like coffee, they allow you to do stupid things faster

  11. Posted by Guest | August 3, 2012 at 8:34 AM

    Blowing yourself in a half hour is the NKI?

  12. Posted by lolwut | August 3, 2012 at 12:12 PM

    I must commend your ability to dig up so many knights-in-distress photos.

  13. Posted by Guest | August 3, 2012 at 12:25 PM

    Career councillor advice to Knight employees…….grab that 486 laptop and CRT display run out if the building fast with it! Go home and look up "gold recycling" on YouTube………..

  14. Posted by nelson muntz | August 3, 2012 at 1:28 PM

    To TJ, for bashing nasdaq 2 months ago "HA HA" nelson muntz

  15. Posted by Jenefar | April 27, 2013 at 9:26 AM

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