This is a fascinating read, particularly because a few familiar names pop up... ... | Hacker News

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		smcl on Nov 3, 2014 \| parent \| context \| favorite \| on: HFT in my Backyard – IV This is a fascinating read, particularly because a few familiar names pop up... >> (Knight collapsed on August 1, 2012 because of a little problem with one of their smart order routers) No kidding :) For anyone interested in a good breakdown of this, Nanex has a pretty good one @ http://www.nanex.net/aqck2/3525.html

bwhite on Nov 3, 2014 [–]

The SEC proceeding on this [0] is quite readable and goes into some technical detail as to what exactly went wrong.

[0] http://www.sec.gov/litigation/admin/2013/34-70694.pdf

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