Knight Capital close to deal to raise $400 million from investors, reports
August 6 , 2012
Equities trading firm Knight Capital is close to securing a $400 million capital infection from a group of around six investors, CNBC reported on Sunday.
Citing a source involved with the deal, Chicago market-maker Getco and Omaha brokerage firm TD Ameritrade are part of the investment group.
The capital infusion would come in the form of sale of convertible securities or bonds that turn into stock at a certain fixed price.
The report comes after Knight lost $440 million, most of its capital, after a software glitch on Wednesday led to thousands of unintended trades.