BTW, a few weeks back, the Bear Stearns analyst covering Wit Capital suggested Wit could make some announcements with trading partners such as market makers or ECNs. The thing is Wit only does about $2 mil per quarter in online brokerage business.
Bob, there's always surprises in this biz, aren't there!
Anyway, here's a Bloomberg Mag mention of NITE in the October 99 issue:
bloomberg.com
... "Other winners are the bit players that supply essential technology to those golden financial Websites. Thomas F. Thurlow, portfolio manager for Thurlow Growth Fund, likes Knight/Trimark Group, a company that provides "best execution" services to broker-dealers and institutional clients. "While E*Trade and Ameritrade, and maybe Merrill, butt heads, Knight/Trimark works quietly behind the scenes, settling their trades," Thurlow reports. "I think it will benefit from the growth in on-line trading."
Another Bloomberg link shows NITE with a 32% 5-year growth rate:
bloomberg.com
They show NITE's price at $41.25, so that must've been a few weeks ago. |
