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Software Bug Prevents Business Owners Amending Tax ReturnsCan Knight Capital recover after suffering massive losses when a software glitch sent out a stream of unintended trades?

Although saved from total collapse by $400 million of new capital from a consortium of private equity funds and several investor groups including Jefferies Group, Blackstone Group and Getco, the question out there now is whether Knight still remains viable in the long-term and if the brokerages new owners will eventually sell it off in pieces.

Major brokerages including TD Ameritrade, Scottrade, E-Trade, and Vanguard have resumed trading with Knight, but analysts question how soon of if other customers will return in the light of the trading glitch.

So, yes, it appears that “one little piece of code can bring a firm to its knees.”