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Knight Capital Feb. Trading Volume Rises



By AP
14 March 2008 @ 07:12 am EST

JERSEY CITY, N.J. - Knight Capital Group Inc.'s average daily trading volume 36 percent in February as market volatility led to an increase in activity versus a year ago.

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NITE 16.99 -0.26

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The average share volume slipped 17 percent while total dollar value jumped 57 percent, the company reported Friday.

"The continuing negative performance of the major equity market indexes and a still blurry economic outlook contributed to subdued broad stock market volumes in February," Chief Executive Thomas Joyce said in a statement.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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