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Re: AlanC post# 825

Monday, 01/03/2011 11:41:56 PM

Monday, January 03, 2011 11:41:56 PM

Post# of 20257
Follow the Money!

DECEMBER 31, 2010

Knight Consolidates U.S. Broker-Dealer Subsidiaries
Forms successor subsidiaries Knight Capital Americas, L.P. and Knight Execution & Clearing Services LLC
JERSEY CITY, N.J., Dec. 31, 2010 /PRNewswire via COMTEX/ --

Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the consolidation of U.S. broker-dealer subsidiaries into two entities, Knight Capital Americas, L.P. and Knight Execution & Clearing Services LLC, effective January 1, 2011.


"As we continue to grow and evolve, we're working to strengthen the Knight brand in the global marketplace," said Thomas M. Joyce, Chairman and Chief Executive Officer, Knight Capital Group. "Rationalizing the U.S. corporate structure is a move toward simplifying the organization and presentation of the client offering."

Knight will merge Knight Capital Markets LLCand Knight Libertas LLC into Knight Equity Markets, L.P., which will be renamed Knight Capital Americas, L.P. Similarly, Knight will merge Knight BondPoint, Inc. and Knight Direct LLC into Knight Clearing Services LLC, which will be renamed Knight Execution & Clearing Services LLC.

Knight Capital Americas, L.P. and Knight Execution & Clearing Services LLC are registered with the SEC and are members of FINRA and other SROs. In addition, Knight's U.S. broker-dealers are members of all major domestic exchanges and marketplaces covering stocks, options and futures.

BMFL<OE

next week(s) is here

Knight's non-U.S. broker-dealer subsidiaries are Knight Capital Europe Limited and Knight Capital Asia Limited.


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