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Literally everyone in quant finance knows about knight capital. It even has its own phrase; "pulling a knight capital" (meaning; cutting corners on mission critical systems, even ones that can bankrupt the company in an instant, and experiencing the consequences)

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Indeed, it's used in onboarding material at my employer.

Yeap, it's used as a case study for us as to the worst case scenario in trading incidents. Definitely humbling.

Same, we knew of it as the Knightmare too.

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