Qunar Tech Salon
Mar 24, 2015 · Operations
Knight Capital's $460 Million Trading Bug: A Post‑mortem of Deployment and Operational Failures
The article recounts how a decades‑old, unused code path was unintentionally re‑activated during a rushed deployment of the Retail Liquidity Program, leading Knight Capital to send erroneous orders that caused a $460 million loss and the firm’s bankruptcy.
OperationsSoftware DeploymentTechnical Debt
0 likes · 9 min read