Getco outlines revised merger deal with Knight Capital

04/15/2013 | Reuters · Wall Street Journal, The

A slump in volume along with reduced market volatility resulted in a significant drop in Getco's profits for 2012. Getco's net income dropped from more than $162 million in 2011 to $16.2 million last year, according to a regulatory filing. The disclosure also included details about Getco's merger with Knight Capital Group. The deal was revised to ensure compliance with listing standards at the New York Stock Exchange.

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Reuters · Wall Street Journal, The

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