YAHOO! FINANCE
By Henry Blodget | Daily Ticker – Mon, Aug 6, 2012 10:12 AM EDT
Wall Street's latest disaster is the trading firm Knight Capital (KCG), which somehow managed to lose hundreds of millions of dollars in a half hour last week from a "software glitch"--a capital loss that almost destroyed it.
Knight has now received an emergency investment of $400 million from a group of investors including TD Ameritrade, Blackstone Group and Chicago-based Getgo. These new investors will own 70 percent of Knight Capital.
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