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by pclmulqdq 940 days ago
As far as I know, Knight did not have a "clean" kill switch, but they did have the ability to shut everything down. If they killed trading, that meant killing some processes that would screw up their accounting, which would mean losing the rest of the trading day.

Firms I worked at after the fact tried to make sure the kill switch was non-disruptive, and actually did push it once or twice.