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Knight Was Looking To Grow Clearing Business

Traders Magazine Online News, August 24, 2012

Gregory Bresiger

Knight Capital's disastrous computer trading glitch, which destroyed millions of dollars in equity and put the firm on thin ice, came at the same time it was looking to expand its clearing business. Knight CEO Thomas Joyce told analysts in late July that he was bullish on the firm's prospects to grow its fledging clearing operation and bring in accounts.

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