Knightmare: A DevOps Cautionary Tale

In the first 45-minutes the market was open the faulty software deployment sent millions of child orders into the market resulting in 4 million transactions against 154 stocks for more than 397 million shares. In laymen’s terms, Knight Capital Group realized a $460 million loss in 45-minutes and went from being the largest trader in US equities and a major market maker in the NYSE and NASDAQ to bankrupt.

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