An IT glitch on Wednesday caused its trading to go haywire, losing it $440m.
Knight Capital is a major market-maker on the New York Stock Exchange (NYSE), which means it helps make sure there is a market for particular shares if investors want to buy or sell.
The rescuers are reported to include Blackstone Group and TD Ameritrade.
The Chicago-based market-maker Getco and financial services companies Stifel Nicolas, Jefferies Group and Stephens Inc are also reported to be involved.
The consortium is expected to end up owning between 70% and 75% of Knight Capital.
Source & Image : BBC
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