KNIGHT CAPITAL On August 1, 2012, Knight Capital deployed untested software to a production environment which contained an obsolete function. The incident happened due to a technician forgetting to copy the new Retail Liquidity Program (RLP) to one of the eight SMARS computer servers…. …sent millions of child orders, resulting in 4 million executions in 154 stocks for more than 397 million shares in approximately 45 minutes.
Knight Capital took a pre-tax loss of $440,000,000
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