ZeroHedge: Firms Not Routing Trades to Knight Capital

ZeroHedge reported that firms have stopped doing business with Knight Capital after the trading company lost hundreds of millions of dollars on Wednesday as the result of an out of control algorithm. According to ZeroHedge, Fidelity Investments and Sterne Agee have stopped routing orders through Knight Capital. The site is also reporting that "we can confirm with 100% certainty that at least one Prime Broker has terminated all funding to ad fro the firm which may not have much time left."