Knight Builds 'Virtual Exchange'
FRONT PAGE: EXCHANGE TECHNOLOGIES
NEW YORK—Knight Capital Group is putting the finishing touches on what it calls its "virtual exchange."
Rather than a real exchange, Knight's chairman and CEO Thomas M. Joyce says the firm plans to use Knight's available broker-dealer liquidity to provide more offerings to its institutional clients. "The theme of leveraging financial technology, introducing new asset classes, and making it as seamless as possible for our clients to invest was an outgrowth of the original theme of marrying
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