The story of Knight Capital’s flameout trades that almost landed it in bankruptcy and into the waiting arms of several white knights, is getting more and more curious.
It turns out that a hitherto unnamed party, Scottrade, was also given a last-minute stake in the rescue operation, as per a report by Charlie Gasparino in Fox Business Network.
Read here on ValueWalk how an errant computer program entered trades into the market that ultimately caused Knight a $400 million loss.
Knight Capital Group Inc. (NYSE:KG) was able to stay in business with the help of a bailout,...
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