The most expensive software bug in history...

A video on YouTube. In Tech, a Krater category.

Summary by Krater

This video examines the history and mechanics of the 2012 Knight Capital trading software glitch, which caused a $440 million loss and the company's eventual collapse.

From the video

Answers: What caused the Knight Capital trading glitch?

Knight Capital trading glitch
SMARS order router
Retail Liquidity Program
software deployment bugs
stock market trading systems

What it concludes

Knight Capital lost $440 million in 45 minutes due to a reused feature flag in the SMARS order router.
The software bug caused 7 of 8 servers to execute aggressive buying while the 8th server executed the power peg function.
Knight Capital was acquired by Getco four months after the trading disaster.

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