Latest Knight Capital Group News: Finextra Research

Knight Capital reaches $12m SEC settlement over IT meltdown

Knight Capital has reached a $12 million settlement with US regulators over a technology meltdown which caused market chaos and drove the firm to the brink of bankruptcy.

17 October 2013

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Equiduct rescued by new investors

Pan-European exchange Equiduct has been rescued from the brink of oblivion by a group of new investors after its largest shareholder Citadel pulled its backing from the platform.

30 April 2013

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Getco emerges as victor in Knight Capital bid battle

Getco has emerged as the winner in a two-way bidding war to take over Knight Capital, beating out rival Virtu with an improved £1.2 billion cash and shares offer.

19 December 2012

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Getco makes Knight Capital bid

High Frequency trading firm Getco has made a $3.50 a share offer for Knight Capital Group, which it helped rescue from bankruptcy over the summer.

28 November 2012

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Sandy-hit Wall Street faces questions over contingency plans

As trading resumed in New York after a two-day Hurricane Sandy-inflicted pause, the effectiveness of Wall Street's back-up plans to deal with disasters was being called into question.

01 November 2012

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Humbled Knight seeks new CTO and operational risk manager

Knight Capital Group is looking for a new chief technology officer and operational and technology risk manager in a management shake-up at the firm which sustained $440 million in losses following a rogue trading software update.

21 September 2012

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Nasdaq OMX defends $62m Facebook compensation package

Nasdaq OMX ha defended its proposed $62 million compensation offer to firms affected by the botched Facebook IPO, describing the package, in a letter to the SEC, as "fair and equitable".

20 September 2012

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Knight closes in on $400m rescue deal

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.

06 August 2012

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Knight Capital blames tech glitch for stock market chaos; faces $440m pre-tax loss

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.

02 August 2012

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Nasdaq OMX offers brokers $40m over Facebook fiasco

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.

07 June 2012

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Knight takes Equiduct stake

US broker Knight Capital is set to make a strategic investment in Equiduct, the pan-European equities trading platform majority-owned by Citadel. Terms of the deal, which remains subject to Equiduct shareholder approval, were not disclosed.

08 June 2010

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Nyse makes move to improve dark pool transparency

With dark pools under the regulatory microscope, Nyse Euronext has struck a deal with five firms behind ATSs and off-exchange market centres to print trades made on the venues on the reporting facility it operates with Finra and display daily activity on Nyse.com.

20 October 2009

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