Knight Capital Increases Equiduct Stake
Knight Capital’s European unit has increased its stake in trading platform Equiduct.
Knight Capital’s European unit has increased its stake in trading platform Equiduct, Financial News reports. Knight has implemented an option to raise its minority interest in the trading platform in the second quarter of 2011.
The total holding has been increased to 60% and a major part of the remaining stake is owned by Citadel Execution Services. The move will help the U.S. broker-dealer increase foothold in the European retail equities trading market.
Click here for the story from Financial News.