Knight Capital Group (NYSE: KCG) may have just been the latest firm to create trading issues that were somewhat akin to the Flash Crash of 2010, or at least akin to fat-finger trades that cause market problems from time to time. This is highly frustrating to investors, and frankly it is no wonder that each time a market aberration of this sort comes about it often takes some investors and traders out of the stock market permanently.
The good news is that stocks are back in positive territory ahead of the FOMC results today. The bad news is that some individual stock volatility around the open was said to be the result of an aggressive algorithmic trading program at Knight Capital.
Both CNBC and Bloomberg have not received any formal comments, other than that the trading firm is looking into trading issues. Though this is often called fat-finger trading, it can also be machines causing an error.
RadioShack Corp. (NYSE: RSH), Quicksilver Resources Inc. (NYSE: KWK) and Dole Food Company Inc. (NYSE: DOLE) are all up on the day, and these were three of the stocks reportedly involved in the fat-finger trading.
Knight Capital Group Inc. (NYSE: KCG) is down 8.4% at $9.46 on the day, but had been as low as $9.09 this morning. Be advised that the prior 52-week range was $9.92 to $14.00.
JON C. OGG
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.