21 August 2017
Find out more

Nyse Euronext welcomes Knight Capital to European market

25 May 2010  |  2401 views  |  0 Source: Nyse Euronext

KNIGHT CAPITAL GROUP, a U.S. dynamic financial services firm providing market access and trade execution services, today celebrated its transfer from Nasdaq to NYSE (ticker symbol: KCG) and its simultaneous cross-listing on NYSE Euronext in Paris (ticker symbol: KCG).

KNIGHT CAPITAL GROUP used the streamlined, cost-effective Fast Path process[1] to expand its operations in Europe, making it the first company to take advantage of this listing procedure in connection with its transfer on the NYSE since it was made available by NYSE Euronext in 2008.

Providing access to major asset classes, global equities, fixed income, foreign exchange, futures and options, KNIGHT CAPITAL GROUP is today the leading source of off-exchange liquidity in U.S. equities. The admission of KNIGHT CAPITAL GROUP on NYSE Euronext in Paris took place following the direct listing of the 155,876,838 existing shares.

The admission and issue price of KNIGHT CAPITAL GROUP shares on NYSE Euronext in Paris was set at €11.42 each, based on the closing price of its shares on 24 May 2010 converted into Euros on the basis of EUR/USD exchange rate of the same trading day. The company's capitalization on the day of admission amounted to €1.78 billion.

KNIGHT CAPITAL GROUP's admission is the first cross-listing from an investment services company and the 51st company to be listed on our markets in the U.S. and in Europe this year.

"We look forward to helping KNIGHT CAPITAL GROUP attract international investor awareness and recognition through its transfer from Nasdaq to NYSE and its simultaneous cross-listing on our European market" commented Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. "Thanks to our family of market centers, KNIGHT CAPITAL GROUP will benefit from an outstanding visibility platform and the most diverse array of services around the globe."

Thomas M. Joyce, Chairman and Chief Executive Officer, KNIGHT CAPITAL GROUP, said "It's an exciting day for KNIGHT. We are actively expanding capabilities and adding new clients in Europe. Cross-listing on NYSE Euronext in Paris reflects our intention to be a full participant in the European capital markets."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10225 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8560 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8309 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8231 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7514 views comments | 15 tweets | 14 linkedin

Featured job

Find your next job