Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Goldman Sachs Group Inc    GS   US38141G1040

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Goldman Bought Knight Positions in Late Wednesday Block Sale, Charged $440 Million -CNBC

08/03/2012 | 02:51pm US/Eastern

Goldman Sachs Group Inc. (>> Goldman Sachs Group, Inc.) helped Knight Capital Group Inc. (>> Knight Capital Group Inc.) unwind its unintended stock purchases late Wednesday, buying Knight's unwanted positions in one block sale, CNBC reported, citing people familiar with the matter.

Goldman charged $440 million for the transaction, the people said.

CNBC reported that Knight has three business days to settle.

In a statement early Thursday, Knight said it had "traded out of its entire erroneous trade position, which has resulted in a realized pre-tax loss of approximately $440 million."

The New York Times reported Friday that Knight is in discussions for a potential sale of its futures brokerage unit with R.J. O'Brien and other potential buyers, citing people briefed on the matter.

The Times report also mentioned Peak6 as a potential buyer of Knight assets.

Full story at and

Write to

Subscribe to WSJ:

Stocks mentioned in the article : Goldman Sachs Group, Inc., Knight Capital Group Inc.
Recommend :
React to this article
1d ago TerraForm Power, Inc. Names Alejandro Hernandez Chief Financial Officer
1d ago GOLDMAN SACHS : UBS lowers TAIEX target
1d ago WARREN BUFFETT : Governor Snyder, Mayor Duggan, Goldman Sachs Celebrate First Gr..
1d ago NYSE tests systems, to brief investors before Alibaba's debut
2d ago GOLDMAN SACHS : SEC probing Goldman Sachs internship for brother of Libyan ex-of..
2d ago GOLDMAN SACHS : Harvard Professor Been Waiting 39 Years To Nail Lloyd Blankfein ..
2d ago GOLDMAN SACHS : ABP shares sale could help growth ; HULL: Opportunity for more g..
2d ago Dow, S&P 500 at records as Fed-driven rally continues
2d agoDJAlibaba IPO Priced at $68 a Share
2d ago T-Mobile US, Inc. to Present at the Goldman Sachs 23rd Annual Communacopia Co..
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Income Statement Evolution
Goldman Sachs Group Inc : Income Statement Evolution
More Financials
Dynamic quotes