Knight Capital Group Trading Error (2012) The problemA software upgrade in an automated trading system was inadequately tested, resulting in millions of dollars in false trade orders being triggered. The consequencesWithin 45 minutes, the company lost around $440 million, which ultimately led to bankruptcy. The lessonSoftware in financial systems requires extensive testing, especially in highly automated environments. https://archive.nytimes.com/dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/ Ready to improve your testing processes?Leave us your email address with your request and we will arrange a free initial consultation.Contact us
