Undergraduate Experience Prepares Alumnus to Launch Startup
![Denis Ignatovich (right) and Grant Passmore, co-founders of Imandra](/sites/default/files/styles/275_x_150/public/2023-09/denis%2520and%2520grant.jpg?itok=A8Pu4yc1)
05/26/2020 - On August 1, 2012, the global financial services firm Knight Capital, which was at the time the largest trader in U.S. equities, lost $460 million due to a “technology breakdown.” One of their trading servers housed defective code, causing the group irreparable damage. Almost exactly a year later, a Goldman Sachs computer glitch resulted in a number of erroneous trades, resulting in a loss of over $100 million for the company.