Published August 02, 2012, 05:41 PM
Glitch costs Knight Capital Group $440 million
A technical problem that briefly threw dozens of stocks into chaos Wednesday will cost Knight Capital Group $440 million, the trading firm said Thursday. Knight's own stock plunged for a second day, erasing 75 percent of its value in two days. The company also said it is pursuing ways to raise money to fund the expense, raising questions about the firm's viability.By: Associated Press, INFORUM
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