The average spread between bid and offer prices for some lightly traded U.S. exchange-traded funds widened yesterday as Knight Capital Group Inc., the biggest market maker for ETFs, struggled to survive.
Why did you make Barclays’s botched trade the most read story yesterday? It was only a less-than-$4 million goof. This probably happens all the time and we don’t hear about them all, so what’s the big deal?
Knight Capital Group Inc., the market- maker that agreed to be sold to Getco LLC following a computer error, reported a quarterly loss as trading slowed and the company sold its institutional fixed-income business.
Knight Capital Group Inc. faced growing pressure to find a savior as clients from Citigroup Inc. to Vanguard Group Inc. curtailed business with the firm following a software bug that triggered a $440 million loss.