After the 2010 flash crash, and subsequently high profile snafus in cases, such as the Bats listing debacle, and the massive bungle in the Facebook Inc (NASDAQ:FB) IPO, can we really consider our markets safe? Maybe not any longer, considering there has been another instance today of Wall Street falling prey to technological foul-ups at market maker Knight Capital Group Inc. (NYSE:KCG). According to this report, Knight had to request clients to take their business elsewhere. It may be recalled that Knight was one of the casualties itself in the Facebook Inc (NASDAQ:FB) IPO imbroglio, having lost about $35 million. The SEC…
HLF, BAC, C, and KCG; Among Stocks Experiencing Technical Problems
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.