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That is what KCG is saying. In separate news, thei

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Post# of 99357
Posted On: 08/01/2012 4:15:05 PM
Posted By: SevenTenEleven
Re: RobInvest #8246

That is what KCG is saying. In separate news, their Rating was down graded from B Plus to B due to "operational issues".



Egan-Jones cuts Knight Capital Group to B from B-plus 
BY Reuters 


— 12:36 PM ET 08/01/2012


NEW YORK, Aug 1 (Reuters) - Ratings agency Egan-Jones on Wednesday cut Knight Capital Group ( KCG ) to B from B-plus, citing operating issues at the company.

Knight Capital Group Inc ( KCG ) said on Wednesday that a "technology issue" in its market-making unit had affected the routing of shares of around 150 stocks to the New York Stock Exchange, where abnormal volatility roiled the markets in early trading.


"Operating problems are hurting KCG," Egan-Jones said in a statement, which did not mention Wednesday's technology issues. (Reporting By Luciana Lopez; Editing by Padraic Cassidy)




Knight Capital says it experienced ''technology issue'' 
BY Reuters 


— 12:26 PM ET 08/01/2012


NEW YORK, Aug 1 (Reuters) - Knight Capital Group Inc ( KCG ) said on Wednesday that a "technology issue" in its market-making unit had affected the routing of shares of around 150 stocks to the New York Stock Exchange, where abnormal volatility roiled the markets in early trading. 

Knight said it had notified its market-making clients this morning to route NYSE-listed orders to other venues. The company said it continued to review the matter and that over-the-counter securities and trading in its other businesses were not affected. (Reporting by John McCrank; Editing by Lisa Von Ahn)



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