Knight Capital Group, Inc.

  • Disclosure In The Modern Age

    By Reuben Brewer - February 7, 2013 | Tickers: FB, KCG, NFLX

    Netflix (NASDAQ: NFLX) chief executive officer Reed Hastings has been known to do some questionable things, like trying to force a massive price hike down customers' throats with virtually no notice. However, his Facebook (NASDAQ: FB) post about Netflix exceeding one billion hours of streaming shouldn't be counted as one of them. The government seems to disagree. That begs the questions of who these guys are supposed to be more »

  • Can Jefferies Repeat Bond Performance in 2013?

    By Peter Pham - January 2, 2013 | Tickers: LQD, JEF, JPM, KCG, LUK, NES.DL

    Jefferies Group (NYSE: JEF) posted better than expected results for its fiscal fourth quarter, which saw profits jump by 48% from last year to $71.6 million. Revenues increased by 37% to $760.6 million, which is about $38 million more than analysts’ expectations. It should be noted that Q4-2011, from which the current results are being compared, was particularly tough for Jefferies; its income, excluding extraordinary items, dropped by more »

  • Abusing Investor Confidence

    By Reuben Brewer - December 13, 2012 | Tickers: FB, KCG, NDAQ | Editor's Choice

    As if over a decade of historically poor returns and a massive financially led recession weren't enough, Nasdaq OMX Group's (Nasdaq: NDAQ) recent initial public offering (IPO) blunders continue to make investors wonder if stocks are safe investments. Mistakes made on the Facebook (Nasdaq: FB) IPO were big news because of the company's size, but a half a day delay in the opening for tiny WhiteHorse Finance just seems to add more gasoline to the fire. The stock market needs investor confidence to thrive, let alone work at all. It's time for the finance industry to figure that out.

  • Buyers Beware: 5 Stocks Billionaire Steve Cohen Sold Last Quarter

    By Meena Krishnamsetty - December 12, 2012 | Tickers: ADM, ESV, GRPN, KCG, LMT

    When looking over billionaire Steven Cohen’s recent 13F filing with the SEC, we found five stocks that he and SAC Capital sold out of during 3Q. These include companies that have a cloudy future due to economic uncertainty or a potentially dying business model. Cohen founded SAC Capital in 1992 and now manages around $14 billion in assets. He has returned close to 30% over the past twenty years more »

  • Should You Invest in This Market-Maker?

    By Mike Thiessen - December 6, 2012 | Tickers: KCG, BX, TD

    On Nov. 28, Knight Capital (NYSE: KCG) confirmed that it had received two buyout offers from trading firms Getco Holding Company and Virtu Financial LLC. Both of these private companies have reportedly offered more than $1 billion for the electronic market-maker.

    Based in Jersey City, New Jersey, Knight Capital is one of the largest electronic trading firms in the United States. The company specializes in routing orders from retail brokerages more »

  • Knight Buyout: Lawsuit Material?

    By Matt Koppenheffer - December 3, 2012 | Tickers: KCG

    Is the potential buyout of Knight Capital (NYSE: KCG) worthy of a lawsuit?

    I hadn't thought so, especially because no deal has taken place and the board is still considering a lot of possibilities, including snubbing both deals and keeping the company independent. But apparently one Wall Street law firm does:

    Faruqi & Faruqi, LLP ... is investigating the Board of Directors of Knight Capital Group ... for potential breaches of more »

  • A Knight Deal Draws Closer

    By Matt Koppenheffer - November 30, 2012 | Tickers: JEF, KCG, AMTD, BX

    The Wall Street Journal is reporting that Virtu Financial may have an early edge in the race to buy the battered Knight Capital (NYSE: KCG).

    Interestingly, the WSJ's article implies that the deal -- with either Virtu or Getco -- would likely be for the whole company. That contrasts earlier reports (also from WSJ) that the deal would be for just Knight's market-making business. That is probably a better deal more »

  • Top Merger/Acquisition Rumors and Action on Monday

    By Brian Nichols - November 27, 2012 | Tickers: GNOM, ILMN, KCG, MHFI

    Mergers and acquisitions (M&A) can make or break a company and are a crucial part of any company’s growth strategy. Monday proved itself to be full of M&A rumors and actions that could and will forever change several different companies. In this article I am looking at three of the most significant M&A announcements that took individual stocks and sectors by storm.

    Knight Capital is Trying more »

  • Five Beat Down Stocks Leading the Market On Monday

    By Brian Nichols - November 26, 2012 | Tickers: ALU, FB, JRCC, KCG, ZNGA

    After a Black Friday rally the market came crashing down on Monday as investors took profits off the table. The market has now turned back its focus on the fiscal cliff, despite strong Black Friday sales and equally impressive home equity loan figures. With that being said, there are a few stocks rallying in Monday’s trading day, and these are all stocks that have been beaten down for most more »

  • Who Lost Big on This Electronic Trading Glitch?

    By Meena Krishnamsetty - September 28, 2012 | Tickers: JEF, KCG, SF, AMTD, BX

    Knight Capital Group Inc. (NYSE: KCG) called Royce & Associates a 10.6% shareholder at the end of June. The stake was around 10.4 million shares. Royce & Associates, the Legg Mason affiliate, is a small-cap value focused investment firm that manages various mutual funds. Other big names who owed Knight shares at the end of June were Steven Cohen and AQR Capital Management, at 2.2 million and 1.4 more »

  • Punished Stocks of August

    By Edgar Ambart - August 19, 2012 | Tickers: AAPL, GOOG, IBM, KCG, PCLN

    The month of August has been generous for most stocks. The S&P finally broke its 1,400 resistance and confidence is slowly creeping back into stocks prior to elections.   From the ETFs mentioned in the chart below, XLK - Technology SPDR has clearly taken the lead rising nearly 7% since the end of July.  This is mostly due to the upbeat performance and heavily weighted allocation of Apple (NASDAQ: AAPLmore »)

  • Is Knight Capital’s Loss Investors’ Gain?

    By Jay Wei - August 8, 2012 | Tickers: GS, KCG, BX

    Hoping your market maker loses money would be like not wishing a stock exchange to perform well as an investor. Market makers stand to serve investors by providing low-cost market trading liquidity. In other words, investors rely on well-functioning market makers to ensure their fair trades. While some investors may have gained on the day Knight Capital (NYSE: KCG) lost $440 million from its erroneous bid-ask positions, the company’s more »

  • Why we Won’t be Getting Broker with this Stock

    By Matthew DiLallo - August 7, 2012 | Tickers: COF, ETFC, IBKR, KCG, AMTD

    I’m willing to bet that the last thing that you consider when making an investment is the price you need to pay your broker to get the deal done.  If you’re like me, you probably don’t even want to think about what you pay them each year.  It is just a cost of taking control of your financial future. 

    Other than shopping around for the best deal more »

  • Why Knight Is a Great Value, If You Can Stomach It

    By Paula Pant - August 6, 2012 | Tickers: JPM, KCG, AMTD

    By now you’ve certainly heard the news: Knight Capital Group’s (NYSE: KCG) computerized trading system spun into a frenzy, issuing erratic orders without actual buyers or sellers.

    The chaos ensued for roughly 30 long minutes. For a company like Knight – which earns fractions of a cent in fractions of a second – 30 minutes is an eternity.  Knight lost $440 million in that fateful half-hour, and company stock plummeted more »

  • Fed Chief Says No to QE and Stocks Respond by Closing Lower

    By Joshua Hayes - August 1, 2012 | Tickers: KCG

    Leading up to the Federal Reserve rate annoucement was the big story was the software glitch hit by Knight Capital (NYSE: KCG). Gigantic volume struck the NYSE causing very erratic trading in nearly 150 stocks. Just when confidence in the stock market is grim we get another flash crash incident. At least the news story distracted the majority prior to the Fed Announcement. Disappointing the market the Federal Reserve failed more »