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Knight Records ‘Negative Revenue’ Due to Trading Snafu

Traders Magazine Online News, October 17, 2012

Tom Steinert-Threlkeld

Knight Capital said its revenues in the third quarter were a negative $189.8 million. That, it said, was largely due to trading losses of $457.6 million that it incurred on August 1, from a flood of erroneous orders it sent onto stock exchanges.

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