NITE announced its Average Daily Dollar Value Traded for August 2008. It was down 21% from the previous month. Total Average Daily Trades were also down 19.4% from July
Knight Capital’s stock price fell as it announced a fall of 47 percent in Q3 earnings. The company reported a profit of $16.4 million, compared to $31.5 million last year. This fall was mainly driven by a decline in asset management fees. It reported a loss of $1.2 million in net asset management fees, and $12.2 million in net incentive fees due to quarterly fund returns.