Wednesday, August 08, 2012 7:35:09 PM
Why Scottraid & TD Ameritraid resumed trading Knight Capital Group's stock? There simple answer in my opinion why they resumed trading KCG, because they are a "good and trusted partner."
Plus they had to cover the shares they had borrowed from these brokerages to short KCG. Having more then 50% of all trades coming from these two brokerages go through Knight... They couldn't afford not to resume trading. I'm not surprised Roger Rinney from Scottrade did not comment due to the possible breaches of his own fiduciary duties
Whats does Scottrade have to do with Knight Capital Group?
1) Knight Capital is Scootrades biggest Market Maker with over 51% of all trades being cleared through NITE
2) Scootrade recieves on average .0010 for all shares loaned to MM.
3) Roger O. Rinney CEO of Scottrade is also a director on NITE's board as the Current President of Knight Capital.
Whatever former director or former president of Knight Capital... Do you really think that matters? Levi & Korsinsky are you listening? Ha! I know you are.., Thanks and Good luck. Sorry for any misspellings I cant afford my subscription to spell check after my account was raided over NITE.
Peace & God Bless All Our Investments
† h i n k f i s h
Rodger Riney: Executive Profile & Biography - Businessweek
Rodger Riney: Executive Profile & Biography - Businessweek
http://www.insider-monitor.com/trading/cik1060749.html
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