Float's about $400mm. If I was an uber-rich Arab I would be all over this.... Knight trades about 750 million shares a day; NYSE does about 1 billion per day; NASDAQ about 1.2 billion per day. That's huge. Just got into futures, as well, with the purchase of PNSN's exchange memberships + clients. I'll be cheering for Knight to make a comeback.
Does anyone have a quote for KCG bonds? Unfortunately my broker doesn't have them on the available instruments list
https://twitter.com/SheilaD_TV/status/231011024583671808 Folks tell me distressed guys "all over the balance sheet trying to figure out downside". $KCG bonds ~50 cents on the dollar **** OK so it should be fairly safe to short the stock at $3 (or sell calls), despite the plunge. Update: http://cxa.gtm.idmanagedsolutions.com/finra/bondcenter/BondDetail.aspx?ID=NDk5MDA1QUU2 CUSIP: 499005AE6 Maturity Date: 03/15/2015
The 3/15/15 3.5% were down 10 to 81.20. Yielding 11.12%. Odeon Cap had an offer at 80.00 on price. Hearing they will offer these in the high 60s.
Was the Knight algo programmed by the same guy who did the San Diego 4th of July firework show? <iframe width="560" height="315" src="http://www.youtube.com/embed/ndVhgq1yHdA" frameborder="0" allowfullscreen></iframe>