The Rise and Fall of Knight Capital Group

The rise and fall of Knight Capital Group, a prominent player in electronic trading, was marked by a devastating $460 million loss in 45 minutes due to a software glitch in 2012. The root cause was attributed to the activation of the 'Power Peg' feature on multiple servers, inadequate testing, and risk management failures. This incident led to significant financial loss, reputation damage, and industry impact. The lessons learned emphasised the importance of rigorous testing, risk management...