Knight/Trimark Group, Inc. Message Board

STOCKTALK

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.

Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Craig Rogers who wrote (343)	4/7/1999 8:48:00 PM
From: Mike Grove	Read Replies (1) of 10027

Please correct me if I'm wrong but... NITE is not an online broker. Or at least not like an ETrade etc... They provide the back-end trading to the NASDAQ on behalf of the ETrades. Therefore, they don't see the kind of revenue potential as an Online Broker. NITE gets some nominal fee for every transaction processed on behalf of the Online Broker clients .ie. a market maker. But because they are a behind the scenes company they will not enjoy the publicity the ETrades get. It's a great business and will do well.... much more stable IMHO. As long as Online trading continues to enjoy growth as an industry NITE will prosper. Again, a safe bet IMHO. I don't think NITE will be as volatile as an ETrade. If you look at the P/E you will notice that they are quite a bit lower than the typical Online Broker. An interesting fact is that National Discount Broker is both an Online Broker as well as a market maker (what NITE is). So NDB gets the best of both worlds. I've been betting on all 3 for quite a while... NITE, E*Trade and NDB. NDB will get it's day in the sun, maybe sooner than later. It will be interesting to see when they split this. mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next