Knight Capital Group: Capital Base

Stock Trading Dept: The company also said in a statement Thursday that the error would cost the company roughly $440 million US, an expense that "severely impacted" its capital base, according to CBC. Knight takes stock trading orders from big investors and routes them to the exchanges where shares are traded. Early Wednesday, a technical problem at Knight caused shares of a number of stocks to swing wildly for close to an hour and knight Capital Group, a U.S.-based stock trading firm, is blaming a software installation problem for a technical glitch that briefly threw trading of dozens of stocks into chaos on Wednesday . Knight's stock closed down more than four dollars at $2.58 on the New York Stock Exchange Thursday, having lost three quarters of its value in two days on heavy volume. (www.immigrantscanada.com). As reported in the news.