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