KCG's Overview: 90% USA 10% in the UK hmmmm .
Post# of 74
KCG's Overview: 90% USA & 10% in the UK
hmmmm .. makes a mind wonder of the possibilities here especially with it's NICE history .. lol
Quote:
Knight Capital Group (NASDAQ: KCG) executes stock trades (ie, completes the buy or sell) for asset management companies such as mutual funds, hedge funds, and retail brokerages. NITE executes both U.S. and international trades in securities such as equities, futures, options, fixed income on both US and foreign exchanges. NITE profits from this line of business from both flat fees for its services and from investments NITE makes when it makes a market for a client.
The company's Asset Management division consists of a 51% stake in the Deephaven family of hedge funds [1]. Deephaven Capital Management runs hedge funds for wealthy individuals, institutions, and fund of funds. These funds have different strategies and have the freedom to invest in any security. NITE earns money both from management fees that are collected on its assets under management and from the incentive fees which are charged when the funds outperform.
Company Overview
Knight Capital Group was created in January 2000 resulting from the Knight/Trimark Group, Inc. and Roundtable Partners, LLC[2]. NITE is headquartered in Jersey City, NJ and employs 868 full-time employees with 10% in the United Kingdom and the remainder in the United States