Knight Capital Gets Lifeline, reinstated as Designated Market Maker
Effective Monday, Aug. 13, 2012, all New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term 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.
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.”
Effective Monday, Aug. 13, 2012, all New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term 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.
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.”