Knight Confirms Trading ‘Issues’

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Knight Capital Group, Inc. (NYSE: KCG) was down 8.4% at $9.46 on the day earlier this morning when its fat-finger and trading error issues were highlighted.  That was then… The company has been experiencing technology issues tied to its trading software and now it has advised clients to trade elsewhere for the time being.

Trading in shares of RadioShack Corp. (NYSE: RSH), Quicksilver Resources Inc. (NYSE: KWK), Dole Food Company Inc. (NYSE: DOLE), and Magnum Hunter Resources Corporation (NYSE: MHR) were all affected.

NYSE Euronext, Inc. (NYSE: NYX) had sent a note to traders that it was reviewing trades in almost 150 tickers from 9:30 AM EST to 10:15 AM EST.

Shares are currently down 20% at $8.29 but we would advise investors and traders to look out that this is a new low seen in years as the prior 52-week range was $9.92 to $14.00.

JON C. OGG