Knight Capital Gets Lifeline, reinstated as Designated Market Maker

Effective Monday, Aug. 13, 2012, all New York Stock Exchange and NYSE MKT securities as well as staff, operations and

Effective Monday, Aug. 13, 2012, all New York Stock Exchange and NYSE MKT securities as well as staff, operations and systems responsibility will return to the Designated Market Maker unit of Knight Capital  from GETCO  in light of the completion of Knight Capital’s recapitalization plan. 

In accordance with applicable rules, the NYSE and NYSE MKT temporarily assigned custodial responsibility for approximately 524 NYSE and 156 NYSE MKT listed securities from Knight’s DMM unit to the GETCO DMM on Monday, Aug. 6, 2012.

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Knight Capital’s share price is trading at $3.04, prior to the Knight computer glitch its share price was trading at $11.00.

“Knight and GETCO have demonstrated outstanding commitment and leadership in serving the best interests of investors, our listed issuers and market stability,” said Larry Leibowitz, Chief Operating Officer, NYSE Euronext. “We applaud the teamwork and collaboration by all parties involved to ensure smooth, efficient and seamless transitions.”

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