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When Knight Capital launched its new computer trading system on Aug. 1, 2012, poor planning not only created a critical software error but also left
When Knight Capital launched its new computer trading system on Aug. 1, 2012, poor planning not only created a critical software error but also left the firm ill-equipped to manage the crisis that ensued. What fundamental systems integration steps were missing when Knight Capital switched over to its new trading system? What should the company have done to improve both communication and responsibility around the switchover? What technological solutions could Knight Capital have created to help mitigated its trading error?
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