Reuters
Thu Aug 9, 2012 4:07am IST
Aug 8 (Reuters) - Knight Capital Group Inc (KCG.N) was holding about $7 billion of stocks at one point on Wednesday last week due to a software problem that led the brokerage to seek emergency funding, the Wall Street Journal reported, citing people familiar with the matter.
Knight tried to minimize its losses arising from a huge trading shortfall by paring the total position to about $4.6 billion by the end of the trading day, the Journal said.
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