Knight Capital Group – Trading Glitch Cost It $440 Million

“This is people’s money. This is 401(k)s. Grandma’s mutual fund is now being whipped around by algos that don’t even understand what they’re doing,” said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey. Source: http://www.reuters.com/article/2012/08/01/us-usa-nyse-tradinghalts-idUSBRE8701BN20120801    Source: http://www.foxbusiness.com/investing/2012/08/01/nyse-reviews-early-morning-trades/