Market maker duties handed back to Knight Capital

Market maker duties handed back to Knight Capital

Despite being past rivals, Getco are today investors in Knight Capital.  Following a streak of errant trades last week, which cost the NYSE $440M, market makinig duties were transferred to Getco earlier this week.

Getco took control of 680 securities  listed on the NYSE and NYSE MKT exchanges.  Along with the market maker responsibilities, Getco also received access to supervise Knight Capital's 18 floor traders.  NYSE Euronext came up with the decision to reassign Knight's responsibilities due to its shady capital position.

However, a statement released by the exchange showed that Knight Capital is to resume its market making responsibilites as from next Monday, due to the completion of a recapitalisation plan carried out by the company itself.  

Knight's shares fell 1 cent, or 0.3% to $3.06 on Tuesday.  A week ago, before the trading losses, the stock closed at $10.33.

Siguiente artículo
Desarrollada por profesionales para profesionales.
privacy protect
Oficina de representación más cercana:  28 Oktovriou, 365
Vashiotis Seafront Building
3107, Limassol, Chipre, +357 2534 2627
Versión 0.4.207-3310c160
EXANTE dona 1 millón de dólares para ayudar a los niños en Ucrania

EXANTE ha donado 1 millón de dólares a la respuesta de emergencia de UNICEF para apoyar a los niños y familias vulnerables afectados por la guerra en curso en Ucrania así como a los que se han visto obligados a huir a los países vecinos.