Knight Capital to resume NYSE and NYSE MKT designated market maker responsibilities on 13 August
From 13 August, all New York Stock Exchange and NYSE MKT securities as well as staff, operations and systems responsibility will return to the Designated Market Maker (DMM) unit of Knight Capital Americas from GETCO in light of the completion of Knight Capital’s recapitalisation plan.
In accordance with applicable rules, the NYSE and NYSE MKT temporarily assigned custodial responsibility for approximately 524 NYSE and 156 NYSE MKT listed securities from Knight’s DMM unit to the GETCO DMM on 6 August 2012.
“Knight and GETCO have demonstrated outstanding commitment and leadership in serving the best interests of investors, our listed issuers and market stability,” says Larry Leibowitz, chief operating officer, NYSE Euronext. “We applaud the teamwork and collaboration by all parties involved to ensure smooth, efficient and seamless transitions.”
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