The Code That Would Not Die
On 1 August 2012, two hundred and twelve ordinary customer orders arrived at Knight Capital. Forty-five minutes later the firm had made four million trades and lost roughly ten million dollars a minute.
The Formulae
On 1 August 2012, two hundred and twelve ordinary customer orders arrived at Knight Capital. Forty-five minutes later the firm had made four million trades and lost roughly ten million dollars a minute.
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