Shares of Knight Capital are getting spanked today on unconfirmed reports and trader chatter that an algo program at the market-maker caused some wild swings in a bunch of stocks this morning.
Bloomberg TV reports that Knight Capital has told its clients to trade elsewhere.
Knight's stock was last down more than 24%.
Here's a quick rundown of five hedge funds with the greatest stake in Knight, according to data compiled by Bloomberg citing 13F regulatory filing from 3/31/2012.
- SAC Capital (~1.8 million shares or a 1.86% stake)
- AQR (1.24 million shares)
- Palisade Capital Management (667,824 shares)
- Two Sigma Investments (573,591 shares)
- D.E. Shaw & Co. (357,776 shares)
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