Client Services
Commission Management
Knight offers two primary ways in which our investment management clients can generate research credits, through a Section 28(e) Client Commission Arrangement (CCA), and through our Direct Expense Program. The Direct Expense Program is structured for our hedge fund clients that do not rely on the safe harbor provided by Section 28(e). Clients generate research credits in various eligible asset classes, including global equities, fixed income and options depending on the type of agreement.
Commision Recapture
Our Commission Recapture Program serves the pension and institutional investment community. We offer various commission arrangements and commission recapture programs designed to assist our clients in improving investment performance.
Corporate Access
Institutional Corporate Access provides an unbiased platform for institutional investors to gain direct access to corporate issuers. Knight's team, which has extensive experience in institutional research sales and corporate access, introduces and facilitates meetings between institutional investors and corporate management across the U.S. and Europe with the goal of providing investors market insights and industry trends based on issuers' feedback.
Corporate Buybacks
Knight provides share repurchase strategy and execution expertise to corporate issuers. Knight delivers unmatched access to our deep liquidity and further differentiates our execution with insightful, timely market analysis and assessments. The powerful combination of trading expertise and significant information flow enables clients to make the most informed repurchase decisions while achieving best execution.
Corporate Services
Knight Corporate Services provides corporate finance and capital markets services focused on small- and mid-cap companies, including capital raising and placement agent services to both private and public companies. In addition, Corporate Services provides holders of restricted shares with a full-service trade execution solution, including Knight's liquidity, market insight and client service expertise.
Knight Capital Partners
Knight Capital Partners provides comprehensive capital placement and advisory services for alternative investment managers, including private equity funds, hedge funds and non-traditional long-only strategies. Knight assists general partners in the positioning, pre-marketing and placement of investment management services with top-tier institutional investors worldwide.
Knight Libertas Fixed Income Research
Knight Libertas produces fundamental investment research and provides recommendations across a wide range of securities and sectors. The dedicated research staff publishes detailed and in-depth reports on securities within the high-yield, distressed and high-grade/crossover fixed income segments. Coverage sectors across the U.S. and emerging markets include financials; telecom, media and technology (TMT); energy; utilities; restaurants and food; retailers; paper and packaging; and airlines. Knight Libertas' research sector is broad and comprises nearly 80% of total high and distressed bond volume traded in the U.S. and 20% of these markets by issuance.
Knight Transition Management
Knight Transition Management provides our plan sponsors and fund clients planning, implementation and transaction monitoring services associated with transitioning global, multi-asset class portfolios. An experienced team with a proven track record in transition management assists clients with complex transitions requiring coordination between plans, institutions, custodians, sub-managers and brokers across geographies and asset classes.