Talk about a bad day. In the mother of all computer glitches, market-making firm Knight Capital Group (KCG) lost $440 million in 30 minutes on Aug. 1 when its trading software went, to use the technical term, kablooey.
Wow, now that’s a software glitch.
So that old t-shirt was right: to err is human, but to really screw things up, you need a computer.