Effective Monday, Aug. 13, 2012, all New York Stock Exchange (NYSE) and NYSE MKT securities as well as staff, operations and systems responsibility will return to the Designated Market Maker (DMM) unit of Knight Capital Americas LLC from GETCO LLC in light of the completion of Knight Capital's recapitalization plan.
In accordance with applicable rules, the NYSE and NYSE MKT temporarily assigned custodial responsibility for approximately 524 NYSE and 156 NYSE MKT listed securities from Knight's DMM unit to the GETCO DMM on Monday, Aug. 6, 2012.
"Knight and GETCO have demonstrated outstanding commitment and leadership in serving the best interests of investors, our listed issuers and market stability," said Larry Leibowitz, Chief Operating Officer, NYSE Euronext. "We applaud the teamwork and collaboration by all parties involved to ensure smooth, efficient and seamless transitions."
to £90k base, double OTELondon, UK
© Finextra Research 2014