Knight Capital to pursue merger with Getco

The vote by Knight directors to pursue a merger with Getco marks a setback for rival Virtu Financial

Knight Capital directors voted yesterday to pursue a merger with Getco, a Chicago trading firm, in a deal that would transform control over massive amounts of stock trades placed by small investors, according to people directly involved in the discussions.

Knight directors voted to move forward with a deal with Getco, a closely held firm that sought, through Knight, to join the ranks of the largest publicly traded brokerages in the country.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.