Knight Capital looks set to survive last week's costly trading technology meltdown thanks to a $400 million rescue package put together by a group of investors.
Knight Capital says that a "technology issue" at its market making unit was behind the volatile price movements in 140 shares yesterday that forced Nyse Euronext to cancel trades.
Nasdaq OMX is setting aside around $40 million to cover broker losses related to its botched handling of last month's Facebook IPO but the planned package is facing widespread criticism.
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced changes to its organizational structure and management under the new financial reporting segments which were effective for the third quarter earnings announced on October 19, 2011.
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Knight BondPoint launched BondScope to help clients improve their trade execution quality and market transparency within the fixed income markets.
J.P. Morgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide clearing and settlement services for Knight Capital Europe Limited when executing trades on Pipeline's Block Board, the pan-European multilateral trading facility (MTF) for equity blocks.
Knight Capital Group (NYSE Euronext: KCG) today introduced Knight Global Program Trading to provide institutions in the Americas, Europe and Asia with program trading capabilities combining global equities sales and trading expertise with Knight's multi-market technology and liquidity.
Knight Capital Group (NYSE Euronext: KCG) today announced the introduction of Knight Match Europe, a non-displayed liquidity venue for the trading of European equities.
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of George Sohos as Head of Electronic Trading Group (ETG).
Knight Clearing Services LLC, a subsidiary of Knight Capital Group, Inc., has chosen SunGard's Apexsecurities finance solution for international securities lending and repo processing.
© Finextra Research 2013