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DownWithPumpers

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DownWithPumpers

Re: lowman post# 19488

Friday, 08/17/2007 6:15:37 PM

Friday, August 17, 2007 6:15:37 PM

Post# of 51429
The financial information for Knight Trading is available in their SEC filings. All of Knight's numbers below came from here:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001193125-07-177507&Type=HTML

Dollar volume traded in Hemi today was about 55,500 dollars. Knight makes .016% on trading profits. That means that if they traded 100% of Hemi's trades today they made just over nine dollars. That's probably not enough money to kill one person much less nine people.

p.s. Knight's profit is down from .021% to .016% in the last year as the market-maker business remains incredibly competitive.
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