Joyce Bears Knight Executives’ Biggest Loss With $17 Million Hit

While Knight Capital Group Inc. Chief Executive Officer Thomas Joyce helped steer the company from insolvency, the company’s travails have come at a personal cost of $17 million.

Joyce, who held 1.3 percent of Knight as of Jan. 31, bears the biggest loss in a group of executives who own 1.8 percent of the company’s tradable shares, according to data compiled by Bloomberg based on holdings from government filings. The $400 million bailout of the firm that handles about 10 percent of market making in U.S.-listed stocks reduces the stake of existing shareholders by more than 70 percent.