Last Of The Red Hot Market Makers

Despite a profit dip, Knight could fetch billions

It's the kind of company, engaged in one of Wall Street's oldest lines of business, that some pundits predicted a year ago would be annihilated by technology. It's also a firm that earned just $20.6 million in the last quarter. Yet analysts believe market maker Knight Trading Group Inc. could fetch over $4 billion from a potential suitor.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.