KCG Holdings (KCG)

[fourkids_9pets]

Knight's head of trading algorithms departs: WSJ
BY MarketWatch
— 4:34 PM ET 09/18/2012

LOS ANGELES (MarketWatch) -- The head of trading algorithms at Knight Capital Group Inc (KCG) has left the company, according to the Deal Journal blog Tuesday on The Wall Street Journal's web site. Joseph Wald's exit marks the first senior-level departure since a trading glitch Aug. 1 resulted in a $440 million loss for Knight, the Deal Journal reported. Wald, a Knight managing director and overseer of trading programs sold to institutions, "decided to leave the firm to pursue other opportunities," said a Knight spokeswoman, according to the report. Wald joined Knight in 2008 and had been the chief executive of EdgeTrade, a trading-algorithms developer that Knight acquired in 2007.