SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TFF who started this subject3/14/2002 11:05:36 PM
From: gwb-trading   of 12617
 
Knight Trading Feb. Average Daily U.S. Equity Trade Volume Fell 13.5%
biz.yahoo.com

Thursday March 14, 9:38 am Eastern Time

JERSEY CITY, N.J. -(Dow Jones)- Knight Trading Group Inc.'s (NITE) February average daily U.S. equity trade volume fell 13.5% to 445,055 from 514,500 in January and decreased 5.3% from 467,797 a year ago.

In a press release Thursday, the company said February average daily U.S. equity share volume decreased 5.6% to 618.9 million from 655.4 million in January, but rose 53.4% from 403.4 million a year ago

Knight said the outlook in March, so far, appears not much different from what it experienced in February. The company added that "without a significant catalyst to give confidence to retail and institutional investors alike, the marketplace continues to remain highly dominated by hedge funds and professional traders."

Company Web site: knighttradinggroup.com

-Eamon Beltran; Dow Jones Newswires; 201-938-5400

(This story was originally published by Dow Jones Newswires)

-------My Notes-----
The drop from Jan to Feb is expected. Most investors use
January to purchase new equities in their account after
the end of the old tax year. The 1 year comparison and
associated 5.3% drop is troubling. One year ago, the
market was already in the dumps... this year a number of
investors started to buy back in assuming the worst was
over. Some brokerage firms have announced small but
increasing volume..... however it appears that brokers are
not directing their orders to NITE anymore to get payment
for order flow...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News