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Speculation Mounts Over Knight Capital’s Future

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 1:27
  • Date

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Up -- a wanna bring in -- pedal issue before the New York Stock Exchange standing by she's actually at night capitals a stand down on the floor of the New York Stock Exchange the call.

Right and this is the specialist -- you know we heard so much about Tom Joyce what a great guy is -- we have great guys here.

On the floor of the exchange and as we walk here we take a look at -- capital and this is where they trade obvious.

They all their stock here -- a lot of these guys actually -- shareholders -- right so they have.

Obviously their own money on the line as well and so you are looking at the fact that staff.

These guys are working harder -- this is a 440 million dollar loss here.

-- at night but the stock itself has gone as low as two dollars and 27 cents this was over ten dollars.

Yesterday morning so obviously everybody is speculating in Hawaii when I asked people on -- we think about bankruptcy.

For at night -- I think like anything's on the table for these guys at the moment.

But obviously that have to be one of their many.

Strategic options as they try and beef up there their books.

And and figure this one out here going into the close but all of this obviously a company that was doing just fine.

And then you have obviously software issues and technical glitches over the first 45 minutes of trading yesterday -- basically cost them everything.

-- obviously about you know heartbeat.

Well the called.

Italy is I do appreciate you say by -- -- bringing in more news from the floor of the New York Stock Exchange we are about to hit the bell.

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