About this document
Knight Capital by nikolsheyn.09 is a document available to read on EtoBox.
Knight Capital experienced a major incident when new trading software erroneously sent massive buy/sell orders due to a code error, resulting in a loss of $440 million in under an hour. The incident was attributed to a culture prioritizing speed over safety, weak risk governance, and inadequate management procedures. Recommendations for preventing future incidents include rigorous testing, formal change management, and improved risk control measures.
- Author
- nikolsheyn.09
- Language
- EN