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Knight has recently expanded its offerings to include trade execution in listed-block, exchange traded funds, institutional options and electronic trading, as well as soft dollar and corporate services. Going forward, Knight will continue to tailor its equity markets and asset management offerings to meet the needs of its clients.
Deephaven Capital Management LLC performs investment management services and sponsors a private investment fund, the Deephaven Fund, for institutions and high-net-worth individuals.
Knight Capital Markets LLC operates as a market maker in the Nasdaq InterMarketsm, the over-the-counter market for New York Stock Exchange- and American Stock Exchange-listed securities. It is a broker-dealer registered with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers.
Knight Equity Markets, L.P. operates as a market maker in over-the-counter equity securities, primarily those traded in the Nasdaq stock market and on the OTC Bulletin Board. It is a broker-dealer registered with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers and the Cincinnati Stock Exchange.
Knight Execution Partners LLC manages a professional option and equity execution services business. It is a broker-dealer registered with the Securities and Exchange Commission. Additionally, Knight Execution Partners is a member of the Chicago Board Options Exchange, American Stock Exchange, Philadelphia Stock Exchange, Pacific Stock Exchange and the International Securities Exchange.
Knight Financial Products LLC operates as a market maker and specialist in options on individual equities, equity indices and fixed income futures instruments in the U.S. It is a broker-dealer registered with the Securities and Exchange Commission. Additionally, Knight Financial Products is a member of the Chicago Board Options Exchange, American Stock Exchange, Philadelphia Stock Exchange, Pacific Stock Exchange, International Securities Exchange, the Chicago Board of Trade and the Chicago Mercantile Exchange.
Knight Roundtable Europe Limited, which wholly owns Knight Securities International, Ltd., a U.K. registered broker-dealer, provides agency execution services for European investors in European and U.S. equities. It is regulated by the Financial Services Authority in the U.K. and is a member of the London Stock Exchange. Neither Knight Securities International, Ltd., nor its U.S. affiliate broker-dealers, provide services directly to private customers.
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Knight Trading Group, Inc. Receives Wells Notices from the U.S. Securities and Exchange Commission and NASD March 04, 2004 Knight Trading Group, Inc. announced that its wholly owned subsidiary, Knight Securities, L.P. (KSLP), and its former CEO, Kenneth D. Pasternak, have received Wells Notices from the staff of the Division of Enforcement of the U.S. Securities and Exchange Commission and from NASD's Department of Market Regulation. Mr. Pasternak relinquished his executive management positions as of January 30, 2002. Effective September 1, 2003, KSLP was renamed Knight Equity Markets, L.P.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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Knight Trading Group, Inc. to Acquire Donaldson & Co. October 14, 2003 Knight Trading Group, Inc. announced that it has agreed to acquire the business of Donaldson & Co. Incorporated, a privately held firm offering soft dollar and commission recapture programs to institutions, in a cash transaction. Donaldson & Co. will be operated as a separate division of Knight Equity Markets, Knight's over-the-counter market-making subsidiary. Financial terms of the transaction were not disclosed. The close of the transaction is expected to be completed prior to December 31, 2003
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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H-Quotient SuesKnight Trading Group, Inc. January 23, 2003 H-Quotient, Inc. announced that it has filed suit in New York Supreme Court against Knight Trading Group, Inc., and Knight Securities, LLC to recover monetary damages for tortious interference of contractual relations, breach of contract, fraud, negligence, improper shorting of stock, prima facie tort, injunction, specific performance, and punitive damages . . . for the sum of $10 million.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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SEC Issues Formal Order of Investigation of Knight Trading Group, Inc.-DJ November 12, 2002 Dow Jones reported that Knight Trading Group, Inc. said the Securities and Exchange Commission has issued a formal order of investigation related to an inquiry into allegations of improper trading at Knight.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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Knight Trading Group, Inc. Unit Is Censured, Fined By SEC-WSJ July 18, 2002 The Wall Street Journal reported that the Securities and Exchange Commission censured and fined a unit of Knight Trading Group, Inc. $75,000 for violating a rule that requires that certain limit orders be displayed by market makers. The SEC found that between October 1997 and August 1999 "certain eligible limit orders were not promptly redisplayed, executed or re-routed in contravention of the limit order display rule." An SEC examination of all trading through Knight's Knight Securities' unit on the single trading day of May 5, 1999, revealed that Knight failed to redisplay promptly eligible limit orders 6,082 times.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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They maybe queer, the may not be queer, but they're here. I bought ONEV at.015, and sold too early, it ran to .16, NITE didn't have anything to do with me leaving money on the table. They might manipulate prices, but I think my major losses and/or missed opportunity had to do with my lack of skill and ability not NITE.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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I agree but if you think Knight has nothing to do with market manipulation......then you are naieve.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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Sure there is manipulation. I am just saying most stock woes aren't due to that, but lack of trading skills. It is a lot easier to point at them instead of accepting the responsibility of poor judgement.
quote:Originally posted by vado: I agree but if you think Knight has nothing to do with market manipulation......then you are naieve.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Yes but if the MM's have a gap to fill they will try to drop to get back at the gap....when they fill it they move on. If a stock is moving too fast they will harldy have time to full that gap...seeing they have more than one stock to look at.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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