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It really does seem like it...especially the way Knight has responded here. Everything they say is so.....abstract and gray. Smells of a cover-up. There's a long, long history of abused techies "getting back" at their employer. Could be the case here.

No Dude...you were right...I just read it. But Knight lied in the Marketwatch article...they said it was "old" software. THAT WASN"T TRUE !! Given the fact that the "tester" had no fail-safes, no circuit breakers meant that IT WAS A DANGEROUS PIECE OF SOFTWARE. Why wasn't the install...

Have any real facts been revealed about what actually happened at Knight ? All I've been reading has been B.S. or wait, was that "PR" ?

For me, it was easy. All I had to do was witness two traders in my prop shop blow up. One was successful for 3 months and then the market changed on him and his "never take a small loss" strategy backfired and he blew out his account in 2 days in 3 disasterous trades. The other just had no...

Thanks Niels for just completely destroying this thread. Nicely done.

Let's not be hasty on any conclusions here, OK ? Knight hasn't mentioned <ANY> the details of the software that went awry: 1) who wrote it ? 2) who tested it ? 3) did it have failsafe features ? 4) did it have a kill switch ? 5) were these features switched off ? 6) who switched them off...

Bloomberg tonite: one expert gets on to say that HFT has increased liquidity enormously. Wisely, he indicated this did not make it easy to profit in the market. Barry Ritholtz then said "HFT hollows-out market structure". WOW, WHAT ANOTHER LOAD OF B.S. !! What does that mean Barry ...

That A-Hole who ran Knight didn't ONCE fess-up and say "we made a mistake outsourcing this vital piece of software". That'll never happen, will it ?

Since the debacle, none of the RELEVANT points have surfaced about Knight Capital: 1) They outsourced a critical piece of software 2) The software was poorly designed - no circuit breakers - no order cancellation panic button - no close-all-trades panic button - no warning messages of...

Interestingly Knight is not saying. Outsourcing continues to be corporate America's "dirty little secret".

OK Sam, you're absolved. Still, isn't it incredible, the lengths these corporations will go to....to save a few bucks ? In the end, this corp is on-the-ropes as a result of this mentality.

Here is the real reason for the software glitch: http://www.myvisajobs.com/Visa-Sponsor/Knight-Capital-Group/302636_Visa.htm They, like BATS, "forgot" to institute circuit breaker logic. In the case of Knight, as soon as aggregate losses had reached to 1 to 2 million dollars, the software...

No. Only the POTENTIAL to build an option trading platform. Start coding in C#/Dot-net now, and you might be done by 2014. Good luck.

MultiCharts has just announced their C#/Dot-net platform offering. This is a very significant development. You could do 90% of everything in Powerscript, but for the other 10%, they now have the ultimate solution.

Omigosh are those twins hotttttt or what ?!!!

Ah....so you want a specialized trading platform for a derivative called options. Now I see the problem.

Well, let me chime in and say the title of this thread is off the mark. Why ? Simply because Excel is NOT a trade management platform. Not even close. It's just a crude tool. It knows nothing about trading. Could a trade management platform be built with Excel VBA ? Of course, but it would...

Sci Fi - great idea....and here she is...

You forgot that hot chick that played in Arnold's Terminator series....the last one. She was the one that morphed....what a body ! Never smiled. Anyone know that actress ?

I doubt it simply because of the high internal turnover of the components of this kind of ETF. Here's a great article on the whole interest rate mess as it relates to these special ETFs: http://seekingalpha.com/article/562871-attractive-interest-rate-play-with-treasury-etf-options