Organization and Description of the Business
Knight Capital Group, Inc. (collectively with its subsidiaries, the "Company") four operating segments, Market Making, Institutional Sales
and Trading, Electronic Execution Services, and Corporate and Other.
Market Making includes all global market making across regions and asset classes. In addition to the electronic market making in U.S. equities,
the segment includes cash market making, designated market maker (DMM) services at the NYSE, market making in European equities and U.S.
options, and non-client quantitative trading.
Institutional Sales and Trading
Institutional Sales and Trading covers a range of activities including full service sales and trading across global equities, fixed income,
ETFs and options, research, equity and debt capital markets, reverse mortgage origination and HMBS securitization, and asset management.
Electronic Execution Services
Electronic Execution Services consists of electronic trading products that provide clients with market access, speed and trading
efficiencies. The offering includes Knight Direct, Knight Hotspot FX and Knight BondPoint.
Corporate and Other
The Corporate and Other segment includes strategic investments primarily in financial services-related ventures, clearing and settlement
activity, corporate overhead expenses and all other expenses that are not attributable to the other reporting segments.
As of June 30, 2012, the Company's operating segments comprised the following subsidiaries:
Operating Business Subsidiaries
Knight Capital Americas LLC ("KCA") is a broker-dealer registered with the Securities and Exchange Commission. KCA is a member of the Financial Industry Regulatory Authority ("FINRA"), the National Futures Association ("NFA"), the Municipal Securities Rule Making Board ("MSRB"), all of the major equities, options and futures exchanges, and clearing organizations, including the Depository Trust Company, the National Securities Clearing Corporation, the Options Clearing Corporation, the Fixed Income Clearing Corporation. KCA operates as a market maker on NASDAQ, a Designated Market Maker ("DMM") and ETF lead Market Maker on the floor of NYSE, and in the over-the-counter markets. KCA provides institutional sales and trading services and investment research across a range of equity and fixed income securities, including high-yield and high-grade corporate bonds, distressed debt, ABS and MBS, convertible bonds and syndicated loans. Additionally, KCA provides capital markets services to growing companies in need of financing to support expansion. Through its Knight Clearing Services division, KCA provides settlement and related services, including margin and prime brokerage. Through its Knight Direct division, KCA provides market access trading and algorithms. Through its Knight BondPoint division, KCA provides electronic access and trade execution products to counterparties servicing the retail fixed income market. Through its Knight Futures division, KCA operates as a full service FCM providing futures execution and clearing services to a wide variety of clients, non-clearing FCM's, introducing brokers, professional traders, institutions, commercial hedgers and individuals.
KCA is a member of FINRA, SIPC, the MSRB, the
Depository Trust Company, the National Securities Clearing Corporation, the Options Clearing Corporation, the Fixed Income Clearing Corporation
and the National Futures Association. It is also a member of the NYSE, NASDAQ, ISE, NSX, CHX, CBSX, Nasdaq, OMX BX, Nasdaq OMX PHLX, NYSE ARCA,
Direct Edge and BATS exchanges as well as the major options exchanges.
To review the audited financial statements for KCA as of December 31, 2011 click here
Knight Capital Europe Limited ("KCEL") is a U.K. registered broker-dealer that provides execution services for institutional and broker-dealer
clients in U.S., European and international equities. KCEL is authorized and regulated by the Financial Conduct Authority and is a member of the
London Stock Exchange, Deutsche Börse AG, Euronext N.V. (incorporating Euronext Amsterdam, Euronext Brussels, Euronext Lisbon and Euronext Paris),
Borsa Italiana, OMX (incorporating the Copenhagen Stock Exchange, Helsinki Stock Exchange and Stockholm Stock Exchange), Oslo Bĝrs, virt-x and
To view KCEL's Pillar 3 Statement, click here
Knight Hotspot FX Holdings, Inc. and its subsidiaries ("Hotspot") provide institutions, dealers and retail clients with spot foreign exchange executions
through an advanced, fully electronic platform.
Please visit our website for important disclaimers/disclosures regarding Knight's products and services: