NITE:
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Company[edit]
Knight was formerly known as Knight/Trimark Group, Inc. and Knight Trading Group, Inc. Initially, Knight Trading group had multiple offices located in the United States and in other cities around the world. Knight's Asset Management offices were headquartered in Minnetonka, Minnesota, with offices in Hong Kong, China, and London.
Activities[edit]
Knight's largest business is market making in U.S. equities.[3] Its Electronic Trading Group (ETG) covers more than 19,000 U.S. securities with an average daily trading volume of more than 21 billion dollars (May 2012).[4] Furthermore, Knight makes markets in U.S. options and European equities.
In 2002, Knight paid $1.5 million to settle regulatory charges of violations such as not respecting posted quotes. Knight neither admitted nor denied the allegations.[5] In 2004, the company paid a $79 million settlement to customers whom they had overcharged.[6] In 2008, Knight traded an average of 3.97 billion shares per day.[7] In 2011, the company was worth $1.5 billion and employed approximately 1450 people.[8]
Offices[edit]
Knight is headquartered in Jersey City, New Jersey. It has many offices in other US locations, as well as in the UK, Germany, Switzerland, China, and Singapore.[9]
Operating Subsidiaries[edit]
Knight Capital Group operates in three segments: equities, fixed income, currencies and commodities, and corporate. Current operating business subsidiaries include Knight Capital Americas, L.P., Knight Execution & Clearing Services LLC, Knight Capital Europe Limited and Hotspot FX Holdings, Inc.[10] Knight Capital Group discontinued operations of its asset management segment in 2009 when its subsidiary, Deephaven Capital Management, sold most of its assets to Stark & Roth, LLC. [11]
