GASPARINO: Knight Capital Is Considering Bankruptcy

This just in from Fox Business Network’s Charlie Gasparino following yesterday’s disastrous trading glitch at Knight Capital’s market making unit.   

Charlie Gasparino


Knight released a statement this morning that the company faces a $440 million pre-tax loss following the glitch.

Shares of Knight fell 62.82%, or $4.36, to close at $2.58 on Thursday.  The stock was last down more than 14% in after-hours trading. 

SEE ALSO: Senior Knight Exec: ‘It’s A War Zone Here; Bullets Are Flying’ >

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