News Flash:

Well, we may now know what happened when Knight (KCG) lost $440 million in one day! The current theory is it was incompetence where test software was released into the NYSE’s live system.

Because the Tester indiscriminately buys at the ask and sells at the bid, it just ran Knight’s stock right into the ground. Perhaps, this is the start of karma against those who try to manipulate the system in their favor.

Source: http://www.zerohedge.com

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