[aweinstock]

The Knight Capital incident lost $440m in 45 minutes to a mistake in software deployment: https://en.wikipedia.org/wiki/Knight_Capital_Group#2012_stoc...

[ornornor]

Yes that’s the one I was thinking about.

[AndrewBissell]

Knight's clients remained whole from that debacle because they were capitalized enough to absorb the losses, and if I remember correctly another broker stepped in to take on their clients as well. Knight was also not really servicing retail clients.