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MacroGlide on Instagram: "On August 1, 2012, a programmer error at Knight Capital triggered one of the most famous trading disasters in history when new software went live with broken legacy code still active, causing the firm’s system to flood U.S. stock exchanges with millions of erroneous orders in just 45 minutes. Knight unintentionally bought high and sold low in over 150 stocks, racking up about $440 million in losses almost instantly and wiping out most of the firm’s capital. Trading in s
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