Seeking Alpha

Knight Capital says it lost $35M as a market maker for Facebook's bungled trading debut, and...

Knight Capital says it lost $35M as a market maker for Facebook's bungled trading debut, and estimates total losses for banks and brokerages at up to $200M. That's double the figure already bandied around and well above the $40M Nasdaq (NDAQ +0.5%) is offering in compensation. "It's underwhelming at best," says Knight CEO Thomas Joyce.
Comments (1)
  • They finally got what they deserve..... Now they know what their clients feel like
    7 Jun 2012, 01:46 PM Reply Like
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