Big Whew! Knight Capital (KCG) Taps IBM (IBM) to Investigate $440M Trading Glitch
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Knight Capital Group (NYSE: KCG) is starting out stronger Tuesday amid reports it tapped a tech giant to assist it in identifying the cause of its early August computer glich that led to a $440 million trading loss.
According to Reuters, Knight has tapped International Business Machines (NYSE: IBM) to look into the August 1st issue.
Shares of Knight are up about 0.4 percent in early trading.
According to Reuters, Knight has tapped International Business Machines (NYSE: IBM) to look into the August 1st issue.
Shares of Knight are up about 0.4 percent in early trading.
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