Knight Capital Group Inc. (KCG) chief executive Thomas Joyce is
considering a bankruptcy reorganization for the market-making
company, Fox Business Network's Charlie Gasparino said Thursday,
citing sources.
Mr. Joyce might move to sell company assets and look to "emerge
as a viable company," Mr. Gasparino reported.
Virtu Financial LLC, a trading firm backed by Silver Lake
Partners, isn't interested in Knight Capital at this point, Mr.
Gasparino also said.
The Wall Street Journal earlier cited sources as saying Virtu
was in talks with Knight on a potential merger or capital
infusion.
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