Knight Capital Eyes FX Trading Expansion
Knight Capital Group is aiming to double or triple its FX trading activities in the coming years.
Knight Capital Group is aiming to double or triple its FX trading activities in the coming years, The Wall Street Journal reports. Knight seeks to appoint more employees and strengthen automated-trading capabilities to expand its role as a market maker in currencies. The company has also installed new capabilities for trading Russian and Scandinavian currencies. The move comes as many of Knight’s institutional-investor clients are trading on its electronic currency-trading platform, Hotspot, which on average, traded $27.5 billion in FX per day in the first quarter, up 69% over the first quarter of 2010.
Click here for the story from The Wall Street Journal.