Wall Street Journal article on the scramble to save the Knight Capital brokerage --
Goldman Sachs Group Inc. agreed to buy the [erroneously purchased] stock in a bulk lot at a discount, causing Knight to record a loss on the deal.
That loss was $440 million.
Then again, as the firm's staff said to the themselves over the disastrous weekend arising from a software-induced trading error, it was all the fault of "One line of code."
Goldman Sachs Group Inc. agreed to buy the [erroneously purchased] stock in a bulk lot at a discount, causing Knight to record a loss on the deal.
That loss was $440 million.
Then again, as the firm's staff said to the themselves over the disastrous weekend arising from a software-induced trading error, it was all the fault of "One line of code."