A software bug leaves brokerage Knight Capital teetering on failure, raising fears of structural flaws in the financial system.NEW YORK — The high-speed trading arms race being waged on Wall Street has finally claimed its first major casualty.
By Andrew Tangel and Jim Puzzanghera, Los Angeles Times, Los Angeles Times
Fri, 08/03/2012 - 5:00am
A software bug leaves brokerage Knight Capital teetering on failure, raising fears of structural flaws in the financial system.NEW YORK — The high-speed trading arms race being waged on Wall Street has finally claimed its first major casualty.