The Software Bug That Destroyed a Company in 45 Minutes скачать в хорошем качестве

The Software Bug That Destroyed a Company in 45 Minutes

On August 1, 2012, Knight Capital lost $440 million in just 45 minutes, not because of a market crash, but because of a single software deployment gone wrong. Knight Capital wasn’t a reckless startup. It was one of the most important trading firms on Wall Street, responsible for a significant share of U.S. stock market volume. Yet a routine system update accidentally activated old legacy code, triggering uncontrolled automated trades at machine speed. There was no hack. No external attack. And no kill switch fast enough to stop it. By the time the systems were shut down, Knight Capital had accumulated hundreds of millions of dollars in unwanted positions, wiping out most of the firm’s capital in under an hour. Emergency financing kept the company alive, but its reputation was permanently destroyed. Within a year, Knight Capital was gone. This mini-documentary breaks down: What actually happened inside Knight Capital’s trading systems Why the losses escalated so quickly How speed amplified a simple software error Why the firm never truly recovered This is not a general explainer. It’s a focused case study on software risk, automation, and systemic failure and a reminder that in modern markets, small technical mistakes can become fatal in minutes. The Business Archive produces premium mini-documentaries about real business failures, pivotal decisions, and hidden moments that reshaped entire industries. Subscribe for investigative business stories: no hype, no shortcuts, just the facts.