Originally published on Fox Business
Wall Street was hit by a messy opening on Wednesday due to technology glitches at Knight Capital Group (KCG: 8.14, -2.19, -21.22%), causing confusion and shares of the market maker to plunge more than 20%.
The Securities and Exchange Commission is talking to the New York Stock Exchange over erroneous Knight Capital trades, sources told FOX Business's Charles Gasparino. The SEC and NYSE are examining possible algorithm mishaps and looking into a possible “fat finger” trading error, while Knight told Gasparino it is looking into the trading problems.
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