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Why GETCO And Blackstone Let Scottrade In On Knight Capital Deal At High-Frequency Trading Leaders Forum 2012

Building off of the momentum of past conferences, Golden Networking brings back High Frequency Trading Leaders Forum 2012, now in New York, Chicago and London (

(August 20, 2012, New York) Reuters reported that financial services firms that rescued Knight Capital Group after its near-fatal software glitch earlier this month have sold some of their preferred stock in the firm to retail online broker Scottrade, according to three people familiar with the transactions.

Knight encouraged the six firms that infused $400 million into the company on Aug. 6 to sell some of their stake to Scottrade Inc, a unit of Scottrade Financial Services Inc , according to the sources, who asked not to be named because they signed confidentiality agreements. Knight is one of the two biggest executors of stock trades in the United States, and Scottrade is one of its biggest customers.

Private equity giant Blackstone Group LP and high-speed market-maker Getco, owned by private equity firm General Atlantic, have sold some of their securities, according to regulatory filings on Knight's website. At least one other firm also is expected to make a regulatory filing about its sale imminently, said one of the sources, and the other three are expected to follow suit.

Why Scottrade might have been let in on the deal will be debated at High Frequency Trading Leaders Forum 2012, this time in three of the world's most important financial centers: New York, Chicago and London.

High Frequency Trading Leaders Forum 2012, How Knight Capital's 'Knightmare on Wall Street' Could Transform the Regulatory Landscape and Impact Investors, Speed Traders and Brokers", will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how new technology and regulatory developments will impact it. Recognized experts, regulators, and strategists, will return to High-Frequency Trading Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

With insightful keynote speeches and highly regarded panels, everybody involved in high-frequency trading will gain inside knowledge about the latest technologies that can drastically optimize HFT infrastructures and take a first look at upcoming regulations that could radically change the HFT firms' business model. Topics that will be discussed at High Frequency Trading Leaders Forum 2012 include the movement toward emerging markets, every time more attuned to the use of bots, the regulatory environment, how new technologies are changing the game, including FPGA applications, and a look at the upcoming regulatory changes that will definitely impact how speed traders capture alpha.