Knight Capital closes ValuBond acquisition
Knight Capital Group, Inc. (NASDAQ:NITE) today announced the completion of its acquisition of ValuBond, Inc., a privately held firm, in an all-cash deal for $18.2 million, effective as of the opening of business today, October 2, 2006.
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ValuBond provides electronic access and trade execution products for the fixed income market and is a separate subsidiary of Knight Capital Group.