AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Global Deployment: Knight Capital
As its trading volume more than doubled over the past few years, Knight Capital saw its clearing costs grow in tandem. Combined with the financial uncertainty raised by the credit events in 2008, Knight decided to launch its own clearing business, which is estimated to save it approximately $20 million annually based on current and projected trading volumes. It also reduces counterparty risk, improves client service and opens potential new business opportunities.
Implementing a clearing platform
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