Over the last few days, Wall Street has been watching Knight Capital, a huge market maker for the NASDAQ and NYSE, crash to its knees after a glitch in their new trading software resulted in a $440 million loss.
It’s hard to watch, but luckily we have the bloggers at When In Finance to bring a little levity to the situation. Check out the GIFs they put up about the fiasco.
Knight Capital’s stock yesterday:
When I heard Knight’s faulty algos forced them to shut down their desk:
When I heard it cost them $400 million and they would need some serious overnight financing to survive:
Credit: M/Former trader at Kellogg Capital before Knight Capital acquired them. REVENGE!
And find out everything you need to know about the Knight Capital fiasco in just 70 seconds below: