Qunar Tech Salon
Mar 24, 2015 · Operations
Knight Capital's $460 Million Trading Bug: A Post‑mortem of Deployment and Operational Failures
The article recounts how a decades‑old, unused code path was unintentionally re‑activated during a rushed deployment of the Retail Liquidity Program, leading Knight Capital to send erroneous orders that caused a $460 million loss and the firm’s bankruptcy.
Risk ManagementSoftware Deploymentoperations
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