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The din of shouting and barked orders echoed across the trading floor, with several of the top bankers on the deal gathering to monitor the erratic trading.
But it was a fairly erratic trading day with the leading index falling as low as 6694 and rising to 6772 at its peak.
Most measures that curb erratic trading are tied to wild swings in stock prices, whereas the problem at Knight was initially tied to the volume of trading and not the price of shares.
Sirens had gone off after a series of erratic trading sessions in late March resulted in big gains one day, followed by even bigger losses the next on the London trading desk of the bank's chief investment office.
The alarm bells were silenced in early April, but days after first-quarter earnings were reported on April 13, the erratic trading pattern continued, except this time there were few gains to offset the losses, and the red ink was flowing faster by the day.
Saudi Arabia's intention to raise production by 200,000 barrels a day, or 2.0%, from June to July, is suspected to be the catalyst for the erratic trading pattern.
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U.S. crude shed $3.00 to $47.11 a barrel in erratic trade while Brent fell as much as 6percenttoto $47.83 before clawing back to $48.18.
That followed years of erratic prices, with oil trading above $147 a barrel in July 2008 and falling below $33 only five months later.
WEAKNESSES -- Quarterback Jake Plummer is too erratic, and the team traded its best player, cornerback Aeneas Williams, to St . Louis
Other concerns, industry professionals add, are a tight labor market, particularly in the construction trades; the erratic prices of certain building products, especially lumber; and the rising cost of new homes.
Data from a single a month are erratic, but the average trade deficit over the three months from February to April was running at an $85 billion higher annual rate than the trade deficit over the prior three months.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com