Free Site Registration

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.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?