10 October 2015

Knight Capital to resume Nyse designated market maker responsibilities

08 August 2012  |  1070 views  |  0 Source: Nyse Euronext

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." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Top topics

Most viewed Most shared
European Parliament rubberstamps Payment S...
9517 views comments | 45 tweets | 59 linkedin
Banks must embrace fintech-fuelled payment...
6023 views comments | 18 tweets | 14 linkedin
London fintech investment in first three q...
5311 views comments | 26 tweets | 19 linkedin
Chinese hackers breach LoopPay
5175 views comments | 8 tweets | 6 linkedin
Faster Payments eases access for challenge...
5055 views comments | 20 tweets | 25 linkedin

Featured job

£100,000 basic, £180,000 OTE + Benefits

Find your next job