iBankCoin
Joined Nov 11, 2007
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Knight Capital Tanks 39% Pre-market, Company Says They Lost a Little Over $400 Million After Trading Out of the Entire Glitch Positions

Initially up on the news; Knight Capital is down nearly 40% as the company says they may need to raise money to strengthen their capital position. The company says they have removed the software that caused yesterday’s trading glitch in over 140 stocks.

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