Live Blogging Of Goldman Conference: Knight Capital CEO Speaks
10 December 2009 - 4:30AM
Dow Jones News
The following are comments from Knight Capital Group Inc. (NITE)
Chairman and Chief Executive Tom Joyce at the Goldman Sachs U.S.
Financial Services Conference:
11:52 a.m.: Joyce says potential regulatory actions on measures
such as flash orders was at first "an emotional response not
well-founded in data." While difficult to predict, he hopes by the
middle of the spring that "this kind of cloud" will go away.
11:47 a.m.: Joyce says Knight has made 30 new hires in its
self-clearing business. Knight began self-clearing trades two weeks
ago and is now clearing 20,000 trades a day.
-By Brett Philbin, Dow Jones Newswires; 212-416-2173;
brett.philbin@dowjones.com
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