python sweetness: How to lose $172,222 a second for 45 minutes
The actual loss was \$465M, as opposed to \$172,222. Regardless, it’s a good read.
This is probably the most painful bug report I’ve ever read, describing in glorious technicolor the steps leading to Knight Capital’s \$465m trading loss due to a software bug that struck late last year, effectively bankrupting the company.
The tale has all the hallmarks of technical debt in a…