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Knight Capital Group Loves VolatilityTodd Campbell • Wed, Oct 12, 2011 -
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Today's Market News To Trade On: 5 Stocks Moving On NewsMatthew Smith • Tue, Nov 27, 2012
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Knight Capital Group Q4 2009 Earnings Call TranscriptThu, Jan 21, 2010
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Knight Capital Group Inc. Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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Knight Capital Group Q4 2008 Earnings Call TranscriptThu, Jan 22, 2009
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Knight Capital Group, Inc. Q3 2008 Earnings Call TranscriptWed, Oct 22, 2008
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Knight Capital Group Inc. Q2 2008 Conference Call TranscriptWed, Jul 16, 2008
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Knight Capital Group, Inc. Q3 2007 Earnings Call TranscriptWed, Oct 17, 2007
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at Fox Business (Fri, 1:45PM)
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PR Newswire (Fri, 7:30AM)
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PR Newswire (Jun 10, 2013)
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at Fox Business (Jun 7, 2013)
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PR Newswire (May 28, 2013)
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at Fox Business (May 14, 2013)
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PR Newswire (May 14, 2013)
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PR Newswire (May 14, 2013)
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at CNBC.com (May 13, 2013)
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at Fox Business (May 2, 2013)
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at MarketWatch.com (Apr 25, 2013)
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PR Newswire (Apr 22, 2013)
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at Fox Business (Apr 12, 2013)
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PR Newswire (Apr 12, 2013)
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at Fox Business (Mar 25, 2013)
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at Fox Business (Mar 15, 2013)
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PR Newswire (Mar 14, 2013)
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at Fox Business (Feb 27, 2013)
KCG vs. ETF Alternatives
Company Description
Knight Capital Group, Inc., a Delaware corporation (collectively with its subsidiaries, “Knight” or the “Company”), is a financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms as well as offers capital markets... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, April 15, 7:06 AM Knight Capital (KCG) and Getco tweak the exchange ratio of their merger agreement in an effort to ensure the trading price of KCG at closing is above the $4/share necessary to keep a NYSE stock listing. The aggregate consideration to Knight or Getco owners is unchanged. The companies estimate the merger will generate savings of $110M/year. (PR) Comment! [Financials, M&A]
- Thursday, December 27, 2012, 7:15 AM Getco's $1.4B bid for Knight Capital (KCG) gets a key backer with the support of TD Ameritrade (AMTD) - a 7% owner of Knight. Combined with Jefferies' previously announced support and Getco's own shares, this brings to 45% the ratio of Knight's shares in favor of the deal. Blackstone - a 15.6% owner - also looks likely to back the sale. Comment! [M&A, Financials]
- Wednesday, December 19, 2012, 8:05 AM As expected, Getco beats rival Virtu in the race to buy Knight Capital (KCG) after agreeing a deal valued at $1.4B in cash and stock. Knight shareholders will have the right to receive $3.75/share in cash or one share of common stock of a new holding company. Knight shares +6.3% to $3.54. (PR) Comment! [Financials, M&A, Breaking News]
- Tuesday, December 18, 2012, 5:59 PM High-speed trader Getco has a deal in principle to acquire Knight Capital Group (KCG), which is up 5.4% AH, Reuters reports. Updated 6:11 p.m.: Getco and P-E firm General Atlantic raised its offer to over $3.60 in cash and stock to beat Virtu Financial's all-cash offer; KCG now up 3.9% to $3.46 AH. 6 Comments [Financials, M&A, Breaking News]
- Thursday, December 13, 2012, 5:50 AM Knight Capital Group (KCG) reportedly expects to receive final acquisition bids by the end of this week and to decide its future, which could include remaining independent, next week. High-speed trading firms Getco and Virtu Financial are the two suitors vying for Knight with offers of up to $1.8B. (previous) Comment! [Financials, M&A]
- Tuesday, December 4, 2012, 5:43 AM Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight Capital (KCG) in a deal valued at $1.5-1.6B including debt. Virtu is also in talks with Silver Lake, Credit Suisse (CS) and other banks about financing for the bid. Meanwhile, Jefferies Group (JEF) will provide $950M to help fund Getco's rival offer for Knight in a deal worth $1.4-1.8B including debt. 2 Comments [Financials, M&A]
- Wednesday, November 28, 2012, 8:23 AM Knight Capital receives an offer of $3.50/share from Getco. KCG +13.8% premarket to $3.40. Will Virtu be heard from? (13D) 2 Comments [Financials, M&A, Breaking News]
- Wednesday, November 28, 2012, 2:26 AM High-speed trading firm Virtu Financial has reportedly taken the lead against rival Getco in the race to acquire Knight Capital (KCG). Any deal is expected to value the brokerage firm at over $1B, well above its market cap of 540.2M. Virtu is preparing an all-cash offer that would be a prelude to an IPO, while Getco's bid would comprise cash and shares as part of a reverse merger that would give the company a public listing. Comment! [Financials, M&A, Top Stories]
- Sunday, November 25, 2012, 3:15 AM Knight Capital (KCG) has reportedly been approached by high-speed trading firms Getco and Virtu Financial about selling them its market-making operations. The business is Knight's largest and most profitable, but suffered a massive loss in August when a technical problem flooded the market with mistaken orders. 2 Comments [Financials, M&A]
- Wednesday, August 8, 2012, 4:25 AM Knight Capital (KCG) is set to resume its full market-making activities on the NYSE on Monday after yesterday gaining much of its market share back. Knight reportedly spoke to ~90 potential suitors about rescuing the firm, with rival Citadel offering a $500M loan in return for a 10-20% stake and control of Knight's Hotspot FX trading platform. 5 Comments [Financials, M&A]
- Tuesday, August 7, 2012, 6:18 AM Jefferies (JEF) CEO Richard Handler and Executive-Committee Chairman Brian Friedman played leading roles in saving Knight Capital (KCG) after its erroneous trades last week, including providing funds on Friday that allowed the latter to stay in business, the WSJ reports. Jefferies also helped with the structuring of Knight's $400M lifeline, of which the investment bank is providing a quarter. 1 Comment [Financials, M&A]
- Friday, August 3, 2012, 3:08 PM Knight Capital (KCG +59%) has reportedly drawn initial interest from KKR, TPG Capital, Silver Lake, and Bank of America among others, as it opens its books in a bid to survive. 2 Comments [Financials, M&A]
- Thursday, August 2, 2012, 6:36 PM Knight Capital (KCG -62.8%) -12.4% AH on bankruptcy fears, even as it's reported Goldman and Sandler O'Neill have been hired to find a buyer. Knight's books have been opened up to P-E firms and at least one rival (Virtu Financial?). Bloomberg Businessweek provides the back-story for Knight's $440M loss. Between 9:30 and 10:00 AM ET yesterday, one of Knight's algorithms went haywire, pushing through 4M extra trades (550M shares) related to nearly 150 stocks. Update: Fox Business claims Virtu Financial isn't interested. 12 Comments [Financials, On the Move, M&A]
- Thursday, August 2, 2012, 12:54 PM Surely on the brink of not surviving, Knight Capital (KCG -55%) is in discussions with Virtu Financial about a merger or capital infusion, according to sources (likely from the Knight camp). Virtu is also a player in the high-speed trading arena. (earlier) 3 Comments [Financials, M&A]
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cheznazi
Some1 plz be a darling & explain to me what this $KCG chart is saying? http://bit.ly/ZSVd1H That the price could go up to $6.00? - View all 0 replies
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cheznazi: Perkins!!!!!!!!!!!!!! :) :) :) - nah man, we are all buddies here and my buddies are invited to hijack my thread ANYTIME! No worries! :)
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neobliviscar
Getting notice of some 'Fat Finger' strategy orders in NY. Probably not a $KCG event, but looking for stocks with buy morning distortions. - View all 13 replies
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neobliviscar: Usually the Etruscan ones don't need anything, but the highly variable Korean and Japanese climates can do a whammy on things over time.
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Perkins Cove: While always interested in stocks (think Rukeyser) it now appears to be a way forward, for myself and family. Strange World we live in......
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SKS1586: Cheznazi - KCG is an awesome Turnaround with great Value in it but it may take time (like most Turnrounds). -
cheznazi: I sold 1K on Friday. I still hold 4K Going to accept $3.75 in April and then hopefully once dust settled buy again. Maybe symbol will change
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losbronces: If waiting for the deal to complete is tying up capital that you could use to produce a better return, then you should sell. -
cheznazi: That does make sense however not short of money - just impatient. Bah, I will sell today @ $3.70. Can't wait until April
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cheznazi: Can we still buy and get $3.75? I purchased 5K earlier before deal was announced for a great profit and am wondering if $3.75 is guaranteed
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Michael Bryant
"Getco to buy Knight Capital ($KCG) in $1.4 billion deal." And KCG's market cap is still only $600 million??? http://yhoo.it/T7hW80 - View all 12 replies
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phemale60: Thanks for the help. Now I know what "arbitrage" means when I hear it. I work with lawyers all day - not in finance. Good to know! -
phemale60: I may as well hold it. Still a good company, for what it does, right?
LATEST REPLIES
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cheznazi: Perkins!!!!!!!!!!!!!! :) :) :) - nah man, we are all buddies here and my buddies are invited to hijack my thread ANYTIME! No worries! :)
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neobliviscar
Getting notice of some 'Fat Finger' strategy orders in NY. Probably not a $KCG event, but looking for stocks with buy morning distortions. - View all 13 replies
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neobliviscar: Usually the Etruscan ones don't need anything, but the highly variable Korean and Japanese climates can do a whammy on things over time.
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Perkins Cove: While always interested in stocks (think Rukeyser) it now appears to be a way forward, for myself and family. Strange World we live in......
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- View all 2 replies
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SKS1586: Cheznazi - KCG is an awesome Turnaround with great Value in it but it may take time (like most Turnrounds).
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cheznazi: I sold 1K on Friday. I still hold 4K Going to accept $3.75 in April and then hopefully once dust settled buy again. Maybe symbol will change
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- View all 2 replies
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losbronces: If waiting for the deal to complete is tying up capital that you could use to produce a better return, then you should sell.
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cheznazi: That does make sense however not short of money - just impatient. Bah, I will sell today @ $3.70. Can't wait until April
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- View all 5 replies
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cheznazi: Can we still buy and get $3.75? I purchased 5K earlier before deal was announced for a great profit and am wondering if $3.75 is guaranteed
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- View all 4 replies
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Michael Bryant
"Getco to buy Knight Capital ($KCG) in $1.4 billion deal." And KCG's market cap is still only $600 million??? http://yhoo.it/T7hW80 - View all 12 replies
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phemale60: Thanks for the help. Now I know what "arbitrage" means when I hear it. I work with lawyers all day - not in finance. Good to know!
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phemale60: I may as well hold it. Still a good company, for what it does, right?
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phemale60: I'm wondering also. I have it at $3.35 so want to wait it out to gain something- not sell at a loss. I'll check the pre-market trades first.
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phemale60: KCG up some this morning pre market. Must be baked in because not much. I will risk holding awhile.
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neobliviscar: Understood. Golf "chip shots". Took one a few weeks ago. Contracts expired worthless. The following day they would have been worth $20,000.
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chuckholladay: LOL and new employment behind the line at McDonalds or maybe he could get on disability.
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Adam Gefvert
KCG is trading at high levels right now. At $3 per share, the market cap is $1.069 billion. - View all 5 replies
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John Rayhall: I thought of buying but it seems too risky but you know what they say about buying when tehre is blood in the street. -
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