Senior Knight Exec: 'It's A War Zone Here; Bullets Are Flying. I'm Just Trying To Survive'

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Photo: Rambo 2 via YouTube

During the beginning of yesterday’s trading session there were some wild swings in about 150 different NYSE-listed stocks caused by a trading glitch at Knight Capital’s market-making desk.Knight released a statement today that the company faces a $440 million pre-tax loss following the glitch.

Shares of Knight were hammered and were last down 63%. 

A senior level exec at Knight characterised the view from within the firm for Fox Business

Traders at Knight Capital are already making calls for jobs elsewhere as the stock hits multi-decade lows, Gasparino reported. Knight employed a 1,418 people as of the end of the second quarter. 

“It’s a war zone here; bullets are flying. I’m just trying to survive,” a senior Knight executive told FOX Business. 

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