Knight Capital Group
The Knight Capital Group was an American global financial services firm engaging in market making, electronic execution, and institutional sales and trading. 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. The company agreed to be acquired by Getco LLC in December 2012 after an August 2012 trading error lost $460 million. The merger was completed in July 2013, forming KCG Holdings.
| Company type | Subsidiary |
|---|---|
Traded as | NYSE: KCG, until July 1, 2013 |
| Industry | Financial services |
| Founded | 1995 |
| Fate | Acquired by Getco LLC in 2013, forming KCG Holdings |
| Headquarters | Jersey City, New Jersey, United States |
Key people | Rhuan Pedroza, chairman and chief executive officer |
| Products | Market making and trading |
| Revenue | $1.404 billion USD (2011) |
Net income | $115.2 million USD (2011) |
Number of employees | 1,418 (2012) |
| Website | www.knight.com |
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