BNET Industries
Market Cap:$1.3B
Last Fiscal Year Sales:$1.0B
- Public
- US
Dow Jones Description
Knight Capital Group, Inc., a Delaware corporation (collectively with its subsidiaries, Knight or the Company), is a leading financial services firm that provides electronic and voice access to the capital markets across multiple asset classes for buy-side, sell-side and corporate clients, and asset management for institutions and private clients. The Company was organized in January 2000 as the successor to the business of Knight/Trimark Group, Inc. (the Predecessor). The Predecessor was organized in April 1998 as the successor to the business of Roundtable Partners, LLC, which was formed in March 1995. In May 2000, the Company changed its name from Knight/Trimark Group, Inc. to Knight Trading Group, Inc., and in May 2005 the Company further changed its name to Knight Capital Group, Inc. Our corporate headquarters are located at 545 Washington Boulevard, Jersey City, New Jersey 07310. Our telephone number is (201) 222-9400.
Chief Executive Officer
Thomas M. JoyceNumber of Employees 1,045
Contact Information
Newport Tower 29th Fl 525 Washington Blvd
Jersey City, New Jersey 07310
(201) 222-9400
Peer Companies
NAICS Code Securities Brokerage: 523120
Recent Events
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Knight Launches Knight Link in Europe
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Raymond James Initiates Coverage on Knight Capital NITE with a Market Perform
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Knight Capital Group Dropped To Two-Month Low Wednesday
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Shares of exchanges fall with downgrades, market
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Knight Capital reports 2Q profit up 17 percent
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Knight Libertas appoints managing director and head of corporate finance
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Unger Joins Knight
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CORRECTED - UPDATE 2-MOVES-RBS, Oppenheimer, NY Real Estate Board
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Knight Capital Group Expands ETF Capabilities, Adds Sales and Trading Staff
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Knight Libertas UK Establishes European Credit Sales and Trading Team
News & Analysis
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knight capital group inc. - All News and Analysis
Knight Capital Group: Buying on the Dip
Paul Price submits:NITE shares had hit a multi-year high of $23.11 in October before somewhat weaker than expected September EPS knocked their shares back to today’s $16.40 price. Zacks now expects Knight to earn $1.43 this year and $1.60 in 2010. Here are NITE’s per share numbers from continuing...
Knight Capital Group Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Rich Repetto - Sandler O’Neill. Rich Repetto - Sandler O’Neill I guess first question is on the market share, competition in revenue capture. You mentioned the pick up in competition, the revenue path could drop to 1.2, and I’m...
Knight Capital: Bulls Expect Another Push
optionMONSTER submits: By David Russell Knight Capital Group NITE has spent the last month consolidating around an eight-year high, and now the bulls are looking for another push. by optionMONSTER
Why Is Flash Trading So Terrible?
Zachary Scheidt submits: Thursday, the SEC unanimously voted to take the next step towards banning the controversial practice of “flash trading” which has been in place for the last three years. Up until September 1, there were three primary exchanges involved in the practice in which clients...
Knight Capital Could Make Your Day
Paul Price submits: I wrote positively about Knight Capital Group NITE here back on April 21, 2009 after the shares had closed at $14.84. With the market recovery and good second quarter earnings, NITE has risen to $18.15 /share. It still presents good opportunity from today’s level for those sophisticated...
NITE Could Make Your Day
Paul Price submits: Knight Capital NITE and its subsidiaries are the largest wholesale market makers in United States based equity securities. They execute trades for institutional clients and broker dealers. They had been involved in Hedge Fund management but that operation (51% owned Deepwater Funds) is now being treated...
Knight Capital Group: Leaner and Focused on Execution
Zachary Scheidt submits: Knight Capital Group NITE is the latest addition to the ZachStocks Growth Model. The company offers execution services primarily to institutional investors and in the fourth quarter was actually responsible for executing a greater share volume than any exchange or securities firm. Despite...
Knight Capital Group 4th Quarter 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions We will take our first question from Daniel Harris with Goldman Sachs. Betsy Miller – Goldman Sachs Good morning guys, it’s Betsy Miller on for Dan Harris. Steve Bisgay Good morning Betsy. Tom Joyce Good morning. Betsy...
Knight Capital Group, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Yes, sir. Operator instructions. We'll move first to Roger Freeman with Barclays Capital. Roger Freeman – Barclays Capital Hi, good morning. Tom Joyce Hi, Roger. Steve Bisgay Good morning. Roger Freeman – Barclays Capital Hi, TJ. I guess, I'm hoping to...
Thursday Options Outlook: WPI, ADSK, DNA, NITE, LEN, CTRP, FRX, IDCC
Rebecca Engmann Darst contributed to this report. Watson Pharmaceuticals WPI – Yesterday we seized upon a 14-fold increase in option trading volume in Watson Pharmaceuticals that had a whiff of deal jockeying to it. The company has previously moved on diffuse takeover chatter (most recently on July 21), and we...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas M. Joyce | Chief Executive Officer |
| Rodger O. Riney | President |
| Derek N. Stein | CTO, Chief Admin Officer & Executive Vice President |
| John B. Howard | CFO |
| Gregory C. Voetsch | Executive Vice President, Equity Sales & Trading |
| Catherine Smith | Assistant Vice President, Marketing Communications & Public Relations |
| Conrad J. Hopkins | Vice President, Intl Sales Trading |
| Judy Pirro | Vice President, Investor & Shareholder Relations |
| Kara Fitzsimmons | Vice President, Corp Communications |
| Glenn T. Callen | Senior Managing Director, Cash Equity Trading |
| Margaret E. Wyrwas | Senior Managing Director, Corporate Communications |
| Michael Williams | Senior Managing Director |
| Mony Rueven | Senior Managing Director-Electronic Trading |
| Peter A. Santoro | Senior Managing Director, Options Trading & Risk Management |
| Robert P. Roberto | Managing Director, Intl Sales Trading |
| Douglas T. Modico | Director, Intl Sales Trading |
| Harry T. Bourque | Director, Intl Sales Trading |
| Michael J. Verano | Director, Intl Sales Trading |
| Charles V. Doherty | Director |
| Laurie M. Shahon | Director |
| Robert M. Lazarowitz | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Gary R. Griffith | Board of Directors |
| James T. Milde | Board of Directors |
Thomas M. Joyce, Chairman of the Board and Chief Executive Officer of the Company, has over 30 years of experience in the securities industry. Mr. Joyce has been Chairman of the Board of the Company since December 2004 and has served as a Director since October 2002. He has been Chief Executive Officer of the Company since May 2002. From December 2001 to May 2002, Mr. Joyce was the Global Head of Trading at Sanford C. Bernstein & Co. Prior to that, Mr. Joyce held a variety of leadership roles in the Global Institutional Equity business during his 15 years at Merrill Lynch & Co., where his last position was Head of Global Equity eCommerce from 1999 through 2001. Mr. Joyce is a former member of the Board of Directors of Nasdaq and the Board of Directors of the Securities Industry and Financial Markets Association (“SIFMA”). Mr. Joyce received his A.B. in Economics from Harvard College in 1977.
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Chief Executive Officer | Current |
| Darien Rowayton Bank | Founder | Current |
| Knight Trading Group, Inc. | Chairman | Current |
| Special Olympics Connecticut, Inc | Board of Directors | Current |
| Sanford C. Bernstein & Co., Inc. | Global Head, Trading | Former |
| Archipelago, Inc. | Board of Directors | Former |
| Security Industry Association | Board of Directors | Former |
| Harvard College | A.B. In Economics | Former |
| Harvard College | Degree In Economics | Former |
Rodger Riney is the president and chief executive officer of Scottrade, Inc., which he founded in 1980 as a discount brokerage firm serving individual investors. As an expert in financial technology, Riney has led corporate strategy and operations for the company since its inception, including Scottrade's entry into Web-based trading and continued growth as an online brokerage. Starting in 1982, Scottrade successfully branched out from its Scottsdale, Ariz., base to locations across the country, promoting deeply discounted commissions for trades placed via the telephone. As the Internet was introduced and adoption grew, Riney capitalized on the new medium and incorporated Web-based service into his brokerage company. Riney originally created and introduced Scottrade.com as a means for the company's already substantial customer base to benefit from online trading. Over the years, Scottrade's combination of online access and local branch offices has enabled the company to deliver unprecedented customer satisfaction, the foundation of Scottrade's business, and dramatically increase the company's customer base. Riney earned a Bachelor of Science in Civil Engineering and a Masters in Business Administration from the University of Missouri.
| Organization | Position | Status |
|---|---|---|
| Scottrade, Inc. | Founder, President, Chief Executive Officer | Current |
| Knight Trading Group, Inc. | President | Current |
| Knight Trading Group, Inc. | Board of Directors | Current |
| Edward Jones | General Partner | Former |
| University of Missouri | Masters In Business Administration | Former |
| University of Missouri-Columbia | M.B.A | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | CTO, Chief Admin Officer & Executive Vice President | Current |
| Knight Capitol Group Inc | Chief Admin Officer, Chief Technical Officer & Executive Vice President | Current |
| Knight Execution Partners LLC | Executive Vice President, Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | CFO | Current |
| Knight Capitol Group Inc | Senior Managing Director & CFO | Former |
| Knight Capital Market LLC | CFO | Former |
| Knight Trading Group, Inc. | Board of Directors | Former |
Gregory C. Voetsch, Executive Vice President, Head of Institutional Client Group of the Company, has over 25 years of experience in the securities industry. Mr. Voetsch has been with the Company since September 2002. Prior to joining the Company, Mr. Voetsch was a Managing Director and Head of Nasdaq Sales Trading at Salomon Smith Barney, Inc. since 1997. He was also Co-Head of U.S. Sales Trading from 1999 to 2001. Previously, he was a Nasdaq Sales Trader at Salomon Smith Barney. Mr. Voetsch also spent ten years at Jefferies & Co. as an Equities Sales Trader.
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Executive Vice President, Equity Sales & Trading | Current |
| Salomon Smith Barney | Sales Trader | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Assistant Vice President, Marketing Communications & Public Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Vice President, Intl Sales Trading | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Vice President, Investor & Shareholder Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Vice President, Corp Communications | Current |
| Knight Capitol Group Inc | Vice President, Corp Communications | Current |
| Knight Capital Market LLC | Vice President, Corp Communications | Current |
| Knight Equity Markets International Ltd | Vice President, Corp Communications | Former |
| Knight Execution Partners LLC | Vice President, Corp Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Senior Managing Director, Cash Equity Trading | Current |
Margaret E. Wyrwas, Senior Managing Director, Communications, Marketing & Investor Relations, was recruited in June of 1999 to create and oversee a Communications, Marketing & Investor Relations Department for Knight following the Company’s initial public offering. Ms. Wyrwas is responsible for all areas affecting Knight's corporate culture, reputation and valuation, including investor and media relations; shareholder and employee communications; corporate branding, marketing and advertising initiatives; community relations and public affairs; and the corporate website. Prior to joining Knight, Ms. Wyrwas was a Senior Managing Director and Group Head of the New York Financial Communications division at Hill & Knowlton, Inc., where her primary responsibility was to rebuild the firm’s investor relations practice. During her tenure, Ms. Wyrwas advised more than a dozen companies in four countries regarding communication strategies. Before Hill & Knowlton, Ms. Wyrwas worked at Ames Department Stores, Inc., most recently as Vice President, Corporate Communication and Investor Relations. Prior to Ames, she was an Assistant Vice President, Corporate Banking at Mellon Bank. Ms. Wyrwas is past chair of the National Board of Directors of the National Investor Relations Institute (NIRI), for which she is a founder of the organization’s Center of Strategic Communication. She also is a Board member of the Fairfield (CT)/Westchester (NY) Chapter of NIRI and a member of the NIRI Senior Roundtable, the Investor Relations Association and the Wisemen. Ms. Wyrwas graduated from Simmons College with a B.A. in Liberal Arts.
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Senior Managing Director, Corporate Communications | Current |
| Knight Capitol Group Inc | Senior Managing Director | Current |
| Knight Capital Market LLC | Senior Managing Director | Current |
| National Investor Relations Institute | Chair, National Board of Directors | Current |
| The Westchester | Board Member | Current |
| Fairfield & Company | Board Member | Current |
| Ames Department Stores | Vice President, Corporate Communication and Investor Relations | Former |
| Hill & Knowlton, Inc. | Senior Managing Director | Former |
| Knight Execution Partners LLC | Senior Managing Director | Former |
| Knight Trading Group, Inc. | Founder | Former |
| Knight Trading Group, Inc. | Senior MD, Corporate Communications and Investor Relations | Former |
| Hill & Knowlton, Inc. | Group Head | Former |
| Simmons College | B.A. In Liberal Arts | Former |
Michael Williams , Senior Managing Director and Head of Hotspot FX, brings more than 30 years of foreign exchange and fixed income experience to his position at Knight. Mr. Williams joined Knight in October 2006 from Sand Spring Partners LLC, a financial services firm with product lines that include a currency and hedge fund advisory, cash management, foreign exchange trading and insurance services. Prior to forming Sand Spring Partners, he founded and managed Cover Asset Management, a hedge fund trading foreign exchange. Throughout his career, he has held leadership positions at companies including HSBC, Cantor Fitzgerald, Intercontinental Exchange Partners, M.W. Marshall and Bierbaum A.G. Mr. Williams has also served on the U.S. Federal Reserve Foreign Exchange Committee.
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Senior Managing Director | Current |
| Knight Trading Group, Inc. | Head, Hotspot Fx | Former |
| HSBC Auto Finance | Leadership Positions | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Senior Managing Director-Electronic Trading | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Senior Managing Director, Options Trading & Risk Management | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Managing Director, Intl Sales Trading | Current |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Current |
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Current |
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Current |
| Knight Trading Group, Inc. | Director, Intl Sales Trading | Former |
| Organization | Position | Status |
|---|---|---|
| Knight Capitol Group Inc | Lead Director | Current |
| Howe Barnes Hoefer & Arnett, Inc. | Current | |
| Knight Trading Group, Inc. | Director | Current |
| Chicago Stock Exchange Incorporated | President | Former |
| Chicago Stock Exchange Incorporated | Coo | Former |
| Knight Trading Group, Inc. | Non-Executive Chairman | Former |
| University of Chicago | M.B.A | Former |
| University of Notre Dame | B.A. In Accounting | Former |
Gary R. Griffith, Director of the Company, has served on the Board since the Company’s initial public offering and, before that, as an advisory board member of Roundtable Partners, L.L.C., the Company’s predecessor, since March 1995. He has been an independent financial consultant since 1990 and has worked in investment banking and financial consulting since 1980. Before 1980, Mr. Griffith was with CBS, Inc. and Price Waterhouse. He is a member of the American Institute of Certified Public Accountants (“AICPA”), New York State Society of CPA’s and Financial Executives International. Mr. Griffith is a certified public accountant who received a B.S. in Business Administration from Ohio State University in 1963.
| Organization | Position | Status |
|---|---|---|
| Knight Trading Group, Inc. | Board of Directors | Current |
| The Ohio State University | B.S. In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Summit Advisors, Inc. | President | Current |
| United Rentals, Inc. | Senior Vice President and Chief Information Officer | Current |
| Clarkson Alumni | Current | |
| Knight Trading Group, Inc. | Board of Directors | Current |
| Clarkson University | Advisory Board | Current |
| United Rentals, Inc. | President and Chief | Former |
| Sony Corporation | chief information officer | Former |
| Sony Electronics, Inc. | Chief Information Officer | Former |
| Sony Electronics, Inc. | Vice President | Former |
| Sony Electronics, Inc. | General Manager | Former |
| Sony Corporation | senior general manager | Former |
| Pepsi-Cola | Former | |
| Clarkson University | Master of Business Administration | Former |
| St. Lawrence University | Bachelor of Arts Degree In Economics and Finance | Former |
| Lawrence University | bachelor of arts degree in Economics and Finance | Former |
| Organization | Position | Status |
|---|---|---|
| The Bombay Company, Inc. | Director | Current |
| Knight Trading Group, Inc. | Director | Current |
| Salomon Brothers | Vice President | Former |
| Kitty Hawk, Inc. | Director | Former |
| Columbia Business School | MBA | Former |
| Wellesley College | Bachelor of Arts Degree In English and Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| Sphere Communications, Inc. | Current | |
| Knight Trading Group, Inc. | Director | Current |
| Investment Banking | Chief Financial Officer | Former |
| Knight Trading Group, Inc. | Chief Operating Officer | Former |
| Knight Trading Group, Inc. | Executive Vice President | Former |
| Knight Trading Group, Inc. | Co-Founder | Former |
| University of South Florida | B.S. In Accounting | Former |
Executive News
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Scottrade Opens First Online Brokerage Office in Lafayette, La.
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Scottrade Opens First Online Brokerage Office in Lafayette, La.
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Man admits to impersonating Scottrade clients
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Scottrade Opens Pearland, Texas, Office
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Scottrade Announces New Springfield, Va., Branch Office
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Scottrade Opens Pearland, Texas, Office
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Scottrade Announces New Springfield, Va., Branch Office
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Scottrade adds Energy Corridor office
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Scottrade Opens Branch Office in Garner, N.C.
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Scottrade Opens Shawnee, Kan., Branch Office
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Scottrade Announces New Branch Office in Northern Atlanta
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UPDATE 1-Knight Capital to expand ETF operations
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UPDATE 1-Knight Capital to expand ETF operations
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Knight Capital Group Expands ETF Capabilities, Adds Sales and Trading Staff
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Knight Capital Group Expands ETF Capabilities, Adds Sales and Trading Staff
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