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Knight: We ‘Immunize’ Retail Investors

Traders Magazine Online News, September 21, 2012

Tom Steinert-Threlkeld

Tom Joyce, the chief executive of market maker Knight Capital, said his firm “immunizes” retail orders from “some of the activities” that occur at facilities where professional trading firms try to outrace each other to get to an order. Knight also assumed liability on August 1 for the flood of erroneous orders its own software released onto exchanges.

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