Goldman Sachs Group Inc. (GS) helped Knight Capital Group Inc.
(KCG) unwind its unintended stock purchases late Wednesday, buying
Knight's unwanted positions in one block sale, CNBC reported,
citing people familiar with the matter.
Goldman charged $440 million for the transaction, the people
said.
CNBC reported that Knight has three business days to settle.
In a statement early Thursday, Knight said it had "traded out of
its entire erroneous trade position, which has resulted in a
realized pre-tax loss of approximately $440 million."
The New York Times reported Friday that Knight is in discussions
for a potential sale of its futures brokerage unit with R.J.
O'Brien and other potential buyers, citing people briefed on the
matter.
The Times report also mentioned Peak6 as a potential buyer of
Knight assets.
Full story at http://www.cnbc.com/id/48489000 and
http://dealbook.nytimes.com/2012/08/03/knight-said-to-hold-talks-to-sell-futures-
rokerage-unit/
Write to nymonitoring@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires