going around Wall Street last week....
Knight lost $440mil in ~45 minutes
That works out to ~$9.8mil a minute
Just for an idea of the speed at which they lost the money... they were losing money FASTER than the entire S&P was making it! (and we're just talking Revs here not net income!)
The 500 names in the S&P made $5.06T in the trailing 12 months
Here is the math...
S&P trailing 12 Revs $5,062,957,971,936
per day $13,871,117,731
per hour $577,963,239
per min $9,632,721
Knight loss $440,000,000
per minute $9,777,778