power issues

  • 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]