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Knight Revenue Cut in Half in 2012, Loss Exceeds $500M

Traders Magazine Online News, April 16, 2013

Tom Steinert-Threlkeld, with Bloomberg News

Knight Capital saw its revenue plunge by half in 2012 and its loss for the year exceed the $457 million it paid out for a flood of erroneous orders it sent out on August 1. The market maker is being acquired by GETCO, another market maker, which also saw its profits fall 90 percent last year.

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