FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that traders at Knight Capital Group Inc. (NYSE:KCG) are making calls for jobs elsewhere as the stock hits new lows and the firm seeks a potential buyer
One senior Knight Capital Group Inc. (NYSE:KCG) executive told FOX Business Network (FBN) Senior Correspondent Charlie Gasparino that, “It’s a warzone here, bullets are flying; I’m just trying to survive”
Trident Fund LP June 2020 Performance Update: “Don’t Fade the Fed
Trident Fund LP performance update for the month ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more The Trident Fund LP returned +1.1 percent in June, and the fund is +8.3 percent net year to date. The motto “Don’t Fade the Fed” dominated global macro events in June and led the Trident Read More
FBN has learned at least 10 counterparties won’t deal with Knight at least for now
FOX Business Network has learned that the turmoil has forced Knight Capital Group Inc. (NYSE:KCG) to reach out to JPMorgan Chase & Co. (NYSE:JPM) for emergency financing aimed at shoring up the company’s depleted capital base. The trading malfunction involved Knight Capital buying $5 billion of stock, and the next 48 hours are critical for the company’s survival as CEO Thomas Joyce tries to maintain its capital base and examines all alternatives, including a possible sale. Regulators are monitoring the situation closely.