Knight Earnings Rise As Expansion Into International Markets Accelerates
EARNINGS REPORT
JERSEY CITY, N.J.--Because of increases in revenues from its options market-making business and a 25 percent increase in institutional order flow, Knight Trading Group reported an overall revenue increase of 23 percent in the second quarter. Net income rose 16 percent over the same quarter a year ago.
Although the company saw revenues and volumes dip in comparison to the first quarter, management sees plenty of opportunities for continued growth as it looks to penetrate international markets.
Knig
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