Automated trading firm Knight Capital Group posted a quarterly loss as a result of restructuring costs following its Aug. 1 trading glitch, along with expenses related to its subsequent $1.4 billion takeover by Getco Holding Co.A software problem at Knight in August led to millions of unintentional orders flooding into the market over a 45-minute period, leaving the firm with a huge position it had to unload at a loss of $461.1 million.Knight said on Wednesday it fell to a first quarter loss of $9.4 million, or 3 cents a diluted share, compared with a profit of $33.1 million, or 36 cents a share, a year earlier.Stripping out one-time items it earned 6 cents a share from continuing operations, topping analysts' average forecast by 2 cents, according to Thomson Reuters I/B/E/S.
Knight Capital Group, Inc. is a United States-based company that provides financial services. Shares of KCG remained unchanged at $3.54. In the past year, the shares have traded as low as $2.24 and as high as $13.26. On average, 1500350 shares of KCG exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $33.49. In the past year, the shares have traded as low as $26.20 and as high as $32.90. On average, 1100820 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.03% or $-0.35/share to $33.75. In the past year, the shares have traded as low as $26.65 and as high as $34.12. On average, 1217600 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1952084.
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