Look How Knight Capital's Trading Volume Is Just Withering Away

Knight Capital is the market making firm that’s fighting for its life after a devastating technical glitch caused it to lose $440 million, and most of its market cap.

As we reported this morning, many of its clients have totally abandoned the firm, as they were stunned that the technical difficulties went on for 45 minutes.

So how is the client desertion affecting the company’s business?

On Twitter, trader @texashedge has posted two tables showing how the trading volume handled by Knight Capital — the devastated broker at the centre of a market glitch on Wednesday — is just withering away.

Here’s what your looking at

In the far left column is a security. The ‘usual’ represents Knight’s average rank in terms of how much of that security they handle, and then also what per cent of the average daily volume.

This chart is yesterday. You can see, for example, that in Apple (AAPL) Knight was handling 3.6% of total trades, down from 14.2% normal. Overall, it handled 1.4% of volume, down from 11.2% normally.

image

Photo: @texashedge

That was yesterday.

Now look today.

It’s share of Apple volume is just 0.7%, and total volume is just 1%

image

Photo: @texashedge

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