Posts tagged as: Getco

“Tibra stole source code Getco”

250 comments / February 2, 2014

The ink is barely dry on the settlement agreement with Optiver, and new trouble looms for Tibra. Rumor has it Tibra has got a problem with Getco, or KCG as it is called after the take over of Knight. It’s a listed company nowadays, KCG. Game changing hire In november 2012 two former executives fromRead more

Details of Knight $460 million disaster

1 comment / October 27, 2013

It has been little more than a year ago when Knight updated some stuff on their servers, and lost over 460 million dollar. The firm bought in 80 stocks a total of $3.5 billion and sold short 74 stocks for $3.15 billion. That’s a nightmarish bug in the trading software. A document with the SECRead more