This article is an awesome example of why automation is so important for businesses. I know that I personally will do my best to introduce more automation and configuration management tools into the environments I work on. This article is a reminder that without it, terrible things can happen!
Until next time!
I was speaking at a conference last year on the topics of DevOps, Configuration as Code, and Continuous Delivery and used the following story to demonstrate the importance making deployments fully automated and repeatable as part of a DevOps/Continuous Delivery initiative. Since that conference I have been asked by several people to share the story through my blog. This story is true – this really happened. This is my telling of the story based on what I have read (I was not involved in this).
This is the story of how a company with nearly $400 million in assets went bankrupt in 45-minutes because of a failed deployment.
Knight Capital Group is an American global financial services firm engaging in market making, electronic execution, and institutional sales and trading. In 2012 Knight was the largest trader in US equities with market share of around 17% on each the…
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