Talk:Knight Capital Group
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Restructure
[edit]I changed the order and hierarchy of the information in the article and deleted a section that seemed unimportant and had no references. The structure now puts emphasis on the recent blow-up, something that we should be expected to hear a lot more about. It's particularly notable given the scrutiny the financial industry has been under over the last year, the series of scandals, and how this is all being viewed by an increasingly skeptical public. In that sense it is clearly the defining element of this company and should thus receive due emphasis in the article. Does anyone disagree? I am gathering sources and plan to expand the section to something respectable in the days and weeks ahead. TheSoundAndTheFury (talk) 20:47, 5 August 2012 (UTC)
This is a good article for reference: http://dealbook.nytimes.com/2012/08/02/errant-trades-reveal-a-risk-few-expected/ TheSoundAndTheFury (talk) 22:17, 5 August 2012 (UTC)
Tech Failure
[edit]These are articles with more details on what went wrong with the automated training:
- http://www.theregister.co.uk/2013/10/23/lone_sysadmin_caused_462_meeellion_wall_street_crash/
- http://www.usatoday.com/story/money/business/2013/10/16/knight-capital-sec-12-million-fine/2993661/
RJFJR (talk) 18:06, 24 October 2013 (UTC)
- http://pythonsweetness.tumblr.com/post/64740079543/how-to-lose-172-222-a-second-for-45-minutes
Detailed walk-through of the steps leading up to the trading "glitch", taken from the SEC filing. •Λmniarix• (talk) 15:57, 3 June 2014 (UTC)
Common Shareholder Took a Beating
[edit]After the $440b loss the common shareholders seemed to take a real beating. $400b was infused but common stock was sold at $1.50 per share (they sold pfd stock convertible into common at that price). Stock was at $12 just prior and the $440b loss amounted to around $4.50 per share (pre tax). $12-4.50=$7.50 (Implying that if the existing shareholder each reached in their pockets and paid $4.50 per share to make up for the loss the company would be positioned exactly the same as before). Yet over the weekend the firm sold lots of sock at $1.50 a share. None of that bargain sale on equity was offered to existing shareholders. The next week the diluted stock traded at $3. Prior investors incurred a whopping $12-3 = $9 loss. The new investors however had a 100% gain on day one. Plus they enjoy a 2% preferred dividend as they hold. Seem like those standing shareholders really took a shellacking over the weekend, all blessed by the NYSE... Rick (talk) 06:17, 21 February 2013 (UTC)
External links modified
[edit]Hello fellow Wikipedians,
I have just modified 6 external links on Knight Capital Group. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
- Added archive https://web.archive.org/web/20120609063400/http://www.knight.com/ourfirm/volumestats.asp to http://www.knight.com/ourfirm/volumeStats.asp
- Added archive https://web.archive.org/web/20120609063400/http://www.knight.com/ourfirm/volumestats.asp to http://www.knight.com/ourfirm/volumeStats.asp
- Added archive https://web.archive.org/web/20120627205051/http://www.knight.com/ourFirm/ourLocations.asp to http://www.knight.com/ourFirm/ourLocations.asp
- Added archive https://web.archive.org/web/20110701092102/http://www.knight.com/ourfirm/operatingSubsidiaries.asp to http://www.knight.com/ourFirm/operatingSubsidiaries.asp
- Added archive https://web.archive.org/web/20100114205913/http://www.knight.com/ to http://www.knight.com/
- Added archive https://web.archive.org/web/20100114205913/http://www.knight.com/ to http://www.knight.com/
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forgot?
[edit]Story I hear, though no WP:RS, is that he mistyped the name of server number 5. That is different from forgot. Since all eight went in together, he then didn't notice the one that failed. Gah4 (talk) 20:22, 6 August 2024 (UTC)
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