• 31 Oct 2012 at 1:26 PM

Knight Capital Having Difficulty Catching A Break

Knight Capital is experiencing “power issues” and told clients to trade equities elsewhere, according to a memo from the company. No new orders are being accepted, said the Jersey City, New Jersey-based company, which almost went bankrupt in August after a computer error flooded the market with unintended trades. [Bloomberg, earlier]

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Comments (6)

  1. Posted by Guest | October 31, 2012 at 1:41 PM

    To all KCG employees:
    Please note, until full power is restored to the building, please refrain from using the "Hi" power setting on the breakroom microwave.


  2. Posted by Guest | October 31, 2012 at 2:03 PM

    I'm beginning to think this company was created so all these stock photos of knights could finally be put to use.

  3. Posted by E. Cartman | October 31, 2012 at 2:15 PM

    No it isn't!

    – KCG

  4. Posted by Guest | October 31, 2012 at 3:09 PM

    They are powerless to control the situation.

  5. Posted by FleshWound | October 31, 2012 at 4:04 PM
  6. Posted by Kevin Right | October 27, 2013 at 8:36 AM

    Though they are powerless to control the situation, I believe an approach could be found anyway.