Knight Confirms Trading ‘Issues’
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…
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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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
