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The Knight Capital Group was an American global financial services firm engaging in market making, electronic execution, and institutional sales and trading. [1] With its high-frequency trading algorithms Knight was the largest trader in U.S. equities, with a market share of 17.3% on NYSE and 16.9% on NASDAQ . [ 2 ]
Knight Capital Group was founded in 1995 [9] as Knight/Trimark Group and had about 1400 employees at the time of the merger. Its largest business was market-making in US equities for retail brokerages , though it also provided other services such as electronic execution, dark pools , plus institutional sales and trading.
The Global Electronic Trading Company (GETCO), or Getco LLC, is an American proprietary algorithmic trading and electronic market making firm based in Chicago, Illinois.In December 2012, the firm agreed to acquire Knight Capital Group; this merger was completed in July 2013, forming the new company KCG Holdings.
If the climax of Knight Capital's (NYS: KCG) story is a piece of trading software going disastrously haywire, the beginning was the trading giant trying to defend its turf. Knight's primary ...
Investment bank Stifel Financial is buying Knight Capital Group's institutional fixed income sales and trading business, the companies announced Friday. Financial terms were not disclosed, but the ...
Electronic trading firm Getco Holdings announced in a press release Wednesday that it will acquire Knight Capital Group for $1.4 billion. The two companies will be combined under a new holding ...
In 1994, Pasternak co-founded Knight Trading Group along with Walter Raquet, which benefited exponentially from the advent of internet trading. Knight Trading went public in 1998 [4] with a market capitalization of $7 billion. [4] Pasternak served as the company's chief executive officer from its founding in 1995 until he retired on January 21 ...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...