1476206781_social-instagram-new-square2Mizhnarodny_Logotip_VK
+356 2015 0555
Call us 24/7
Market maker duties handed back to Knight Capital
09
Aug
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.

Watch our videos on YouTube:
EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account.
Nearest representative office:
Portomaso Business Tower,
Level 7, PTM01, ST. Julians, Malta +356 20150000
Any questions? Visit our Help Center