Main » 2012 » August » 3 » Knight Rises, but Many Customers Fail to Return
12:59 PM
Knight Rises, but Many Customers Fail to Return
After one of the darkest days in its 17-year history, the Knight Capital Group saw its stock rise sharply on Friday.
Shares in the beleaguered trading firm were up nearly 33 percent, to $3.43, as Knight officials told customers that it had financing lined up for the day, according to people with direct knowledge of the matter.
The move offered some relief. Knight has been battered by its disclosure of a $440 million loss tied to an errant trading program that moved the stocks of 148 companies earlier this week.
Main 
