Corporate Webpages Knight Capital Group
In reviewing Knight Capital (NITE), we plead both to ignorance and
prejudice. It would not be unfair to say we do not like this
organization and consider it one of our competitors, albeit a
very large one compared to a very small one. NITE is a "market
maker." We have claimed on this site that there are good stocks
representing bad companies, and bad companies having good stocks; and
insofar as the stock is concerned, it depends upon the
market maker and not the underlying company. "Market makers"
are supposed to "provide a market" and stabilize the markets (in
our opinion), not destabilize them with manipulation due to
great size and strength. In the case of NITE, it is clear that
volatile unstable markets benefit this company greatly. All the
major news sources are agreed on that. Other than that, there is
little news on this company, which has a "low profile."
Our first impression of NITE comes from its corporate website,
which is full of blurb and scenes of a huge trading room loaded
with monitors and traders sitting on their cans in front of
those monitors waiting to pounce on every opportunity. How
could we expect to compete against something like that? And how
does it benefit the American economy really? Do they
manufacture anything? Do they provide a real service? Does their
stock pay dividends? Or do they just sit and "trade" all day long?
The website seems very confused and disjointed to us on describing
exactly what service the company performs. Maybe our readers can
make more of it. The central message is that, "We help corporations
squeeze more money out of the public."
How this company regards shareholders is evident from CEO
compensation and stock option perquisites, as well as who sits
on the Board of Directors. We feel as in most huge trading
firms, corpoate governance is practically nil.
We are like Michael Moore in his latest film, standing out in
front of some giant Wall Street skyscraper, banging on the glass
front door and shouting, "Give us our money back!"
We were attracted to review this stock by researchers (but not "analysts")
who seem to pretty much universally like and favor the stock.
Are these guys also prejudice because many of them served in
similar companies? Where are the financials of this company
really? They did not do well passing the Zenith test, but well
enough to get a positive overall rating in our Decision Matrix.
It's not a "bad stock," but it certainly isn't going to the moon
as many researchers are implying it will. We note "extraordinary
items" populate the earnings statements, giving it a poor GAAP
rating from us.
We think perhaps Morningstar did the best job of reviewing this
stock and summarize some of the problems with it as follows:
The brokerage industry is competitive, and decreasing margins
may offset increases in volume. This company did much better
when broker commissions were fixed and there were fewer or no
discount brokers. Results got a recent boost from the market
meltdown and ensuing volatility, deleveraging of funds, which
can't be relied upon to continue in the future. Knight has
already reached most of its potential customers in the U.S. and
must depend upon global expansion. Breaking into foreign
markets in this area is not easy because of established
competitors there. And last, but not least, their proprietary
trading algorithms may not be profitable during certain markets.
You mean Knight uses "programmed trading?" Of course it does!
Even Zenith uses programmed trading, although nothing like
Knight's operation in that big room that looks like Houston
Mission Control.
We noted with some dismay that favorite and most trusted
institution/fund Dimensional Fund Advisors had a sizeable
position in this stock, until we also noted that it was dumping
its shares like mad in recent months, along with many other institutions.
So also are insiders, with "Timing Grade A."
So we knock NITE, but give it a "+ 4" in the end, to indicate
that we think it might make a nice trading vehicle in either direction.
We are pretty sure NITE would agree with us on the latter.
09-29-2009: Knight Capital Group (NITE): Zenith Considers It a Major Competitor
(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Financial Ratios
Market Grader
Intrinsic Value (Disc. CashFlow)
Intrinsic Value (Proj. Earnings)
Scout Stock Rating
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Stock Report
Management's Discussion
Moving Average Chart
Channel Potential
Intraday Chart
Stock Fetcher
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation
Corporate Wepages
Company Profile |
News |
Comparison |
Similar Companies Performance:
Bond Issue |
Zenith Index |
Knight Capital Group Inc. (NITE ) Sector: Financial
545 Washington Boulevard Industry: Investment Brokerage - Region
Jersey City, NJ 07310 Exchange: Nasdaq
Knight Capital Group, Inc., a financial services company, provides
electronic and voice access to the capital markets across multiple
asset classes for buy-side, sell-side, and corporate clients; and
asset management for institutions and private clients in the United
States. It operates in two segments, Global Markets and Asset
Management. The Global Markets segment provides market access and
trade execution services across various asset classes for
broker-dealers and institutions. Its institutional products comprise
equity, fixed income, futures, options, and foreign currency trade
execution solutions; block trading; program trading; international
equities; special situations/risk arbitrage; soft dollar and
commission recapture programs; corporate access services; direct
market access; and crossing networks. This segment-Ęs clients include
broker-dealers and on-line brokers, mutual funds, pension plans,
plan sponsors, hedge funds, trusts, and endowments. The Asset
Management segment operates as an investment manager. It primarily
serves banks, insurance companies, funds-of-hedge funds, corporate
and public pension plan sponsors, trusts, endowments, and private
clients. The company was formerly known as Knight Trading Group,
Inc. and changed its name to Knight Capital Group, Inc. in May 2005.
Knight Capital Group was founded in 1995 and is headquartered in
Jersey City, New Jersey.
Last Trade: 21.98 52-Week Range: 22.78 - 11.03
Trade Date: 09-28 Avg. Volume: 1,469,620 Shares
Index Membership: N/A Employees: 1,046
Corporate Governance:
Knight Capital Group Inc.'s Corporate Governance Quotient (CGQ-«) as
of 1-Sep-09 is better than 92.7% of Russell 3000 companies and 82.3%
of Diversified Financials companies.
EPS: 1.76 Dividend Amount: $ 0.00 Yield: 0.00%
Ex-Dividend Date: N/A Mkt Cap: $ 2,060,000K
Payout Ratio: 0.00%
Last Split Factor (new for old): 2:1 Split Date: 17-May-99
Key Statistics:
Enterprise Value: $ 1,030,000K Revenue (ttm) : $ 1,200,000K
Gross Profit: $ 827,720K
Earnings before Income Tax, Depreciation and Amortization: $ 0K
Enterprise Value/Revenue (ttm): 0.85 Revenue per Share: $ 13.83
Enterprise Value/EBITDA (ttm): 0.00 Qtrly Rev Growth (y to y): 65.60%
P/E Ratio (fwd projected): 12.42 P/E Ratio (current): 12.50
P/E Growth Ratio (5 yr expected): 0.98 Operating Margin: 25.44%
Price/Sales Ratio: 1.68 Profit Margin: 13.37%
Price/Book Value: 1.71 Book Value: $ 12.65/sh.
Return on Assets: 8.50% Net Income Avl to Common: $ 186,400K
Return on Equity: 18.03% Diluted Earnings/Share: $ 1.76
Qrtly Earnings Growth (yoy): 20.70%
Balance Sheet Items : Cash Flow Items (ttm):
(most recent qrtr) (trailing 12 mo.)
Total Cash: $ 1,170,000K Operating Cash Flow:$ 172,860K
Total Debt: $ 140,000K Lvgd Free Cash Flow:$ 0K
Total Debt/Equity: 0.00
Total Cash/Share: $ 12.52
Current Ratio: 1.62
Share Statistics: Stock Price History:
Shares Outstanding: 93,610K Stk 52-Week Change: 49.12%
Float: 87,120K S&P 500 52-Wk Chng: -3.93%
Sh. Short % of Float: 6.30% 50-Day Moving Avg: 20.28
Short Ratio: 4.60 200-Day Moving Avg: 17.61
% Held by Institutions: 84.40% Beta: 0.13
% Held by Insiders: 4.87%
Analysts' Estimates: Cur. Qtr Next Qtr Cur. Year Next Year
___________________________ Sep-09 Dec-09 Dec-09 Dec-10
Average Earnings Estimate 0.39 0.41 1.57 1.77
Average Revenue Estimate 279M 280M 1,090M 1,100M
Factors Comparing This Company to Its Industry Leader (1.0 = Average):
Long Term EPS Growth Rate (5 yr): 0.718 EPS Growth (Qrtly YoY): 0.062
PEG Ratio (ttm, 5 yr expected): 0.306 P/E Ratio (ttm): 0.122
Revenue Growth (Qrtly YoY): 0.111
Annual Income Statements: All numbers in thousands)
Period Ending 31-Dec-08 31-Dec-07 31-Dec-06
Total Revenue 1,039,505 905,324 951,210
Cost of Revenue 211,790 236,192 214,557
Gross Profit 827,715 669,132 736,652
Operating Expenses:
Research & Development 18,221 0 0
Selling, General & Administrative 470,833 448,290 451,021
Non-Recurring Expenses 1,236 -2,470 8,480
Other Operating Expenses 34,101 22,075 20,641
Total Operating Expenses 524,391 0 0
Operating Income or Loss 303,324 201,237 256,511
Income from Continuing Operations:
Total Other Income/Expenses Net 15,947 0 0
Earnings Before Interest & Taxes 319,271 201,237 256,511
Interest Expense 5,014 0 0
Income Before Taxes 314,257 201,237 256,511
Income Tax Expense 130,193 77,560 98,165
Minority Interest -6,153 0 0
Net Income from Continuing Op.s 177,911 123,677 158,346
Non-recurring Events:
Discontinued Operations 0 -1,437 0
Extraordinary Items 0 0 0
Effect of Accounting Changes 0 0 0
Other Items 0 0 0
Net Income 177,911 122,240 158,346
Preferred Stock & Other Adjustmnts 0 0 0
Net Income Avail To Common Shares 177,911 122,240 158,346
Quarterly Income Statements: All numbers in thousands)
Period Ending 30-Jun-09 31-Mar-09 31-Dec-08 30-Sep-08
Total Revenue 316,018 245,354 327,071 264,262
Cost of Revenue 28,503 49,020 54,869 -126,426
Gross Profit 287,515 196,334 272,202 390,688
Operating Expenses:
Research & Development -4,346 4,346 5,456 12,765
Selling, General & Adminis. 210,278 131,092 122,759 303,055
Non-Recurring Expenses -10,695 699 592 2,516
Other Operating Expenses 8,773 8,187 14,754 7,422
Total Operating Expenses 204,010 144,324 143,561 325,758
Operating Income or Loss 83,505 52,010 128,641 64,930
Income from Continuing Operations:
Total Other Income/Expenses Net 0 0 15,947 0
Earnings Before Int. & Taxes 83,505 52,010 144,588 64,930
Interest Expense 2,612 981 1,589 1,441
Income Before Taxes 80,893 51,029 142,999 63,489
Income Tax Expense 32,934 21,148 61,395 25,511
Minority Interest 0 0 -1,902 -1,683
Net Income from Continuing Op.s 47,959 29,881 79,702 36,295
Non-recurring Events:
Discontinued Operations -12,461 -20,514 0 0
Extraordinary Items 0 0 0 0
Effect of Accounting Changes 0 0 0 0
Other Items 0 0 0 0
Net Income 35,498 9,367 79,702 36,295
Preferred Stock & Other Adj.s 0 0 0 0
Net Income Avail To Common Shs 35,498 9,367 79,702 36,295
Annual Balance Sheets: All Numbers in Thousands
Period Ending 31-Dec-08 31-Dec-07 31-Dec-06
Current Assets:
Cash & Cash Equivalents 440,621 222,435 214,760
Short Term Investments 0 0 0
Net Receivables 353,216 495,132 485,101
Inventory 0 0 0
Other Current Assets 0 0 0
Total Current Assets 0 0 0
Long-Term Investments 606,960 570,001 948,785
Property, Plant & Equipt 83,831 62,073 66,450
Goodwill 232,197 132,832 133,043
Intangible Assets 90,477 57,845 63,701
Accumulated Amortization 0 0 0
Other Assets 134,583 129,991 116,374
Deferred Long Term Asset Charges 72,690 85,504 0
Total Assets 2,014,575 1,755,813 2,028,214
Current Liabilities:
Accounts Payable 455,036 465,155 372,656
Short/Current Long Term Debt 385,003 335,280 693,071
Other Current Liabilities 0 0 0
Total Current Liabilities 0 0 0
Long Term Debt 140,000 70,000 0
Other Liabilities 0 0 0
Deferred LT Liability Charges 0 0 0
Minority Interest 7,178 0 0
Negative Goodwill 0 0 0
Total Liabilities 987,217 870,435 1,065,727
Stockholder Equity:
Misc. Stocks Options Warrants 0 0 0
Redeemable Perferred Stock 0 0 0
Preferred Stock 0 0 0
Common Stock 1,544 1,509 1,450
Retained Earnings 1,112,010 934,099 811,859
Treasury Stock -734,912 -637,255 -370,612
Capital Surplus 648,716 587,025 519,790
Other Stockholder Equity 0 0 0
Total Stockholder Equity 1,027,358 885,378 962,487
Net Tangible Assets 704,684 694,701 765,743
Quarterly Balance Sheets: All Numbers in Thousands
Period Ending 30-Jun-09 31-Mar-09 31-Dec-08 30-Sep-08
Current Assets:
Cash & Cash Equivalents 363,908 336,862 440,621 296,119
Short Term Investments 0 0 0 0
Net Receivables 541,442 437,999 353,216 323,285
Inventory 0 0 0 0
Other Current Assets 0 0 0 0
Total Current Assets 0 0 0 0
Long-Term Investments 926,144 934,332 606,960 696,824
Property, Plant & Equipt 89,624 81,500 83,831 78,172
Goodwill 232,197 232,197 232,197 231,791
Intangible Assets 82,645 87,641 90,477 93,327
Accumulated Amortization 0 0 0 0
Other Assets 157,615 167,284 134,583 145,648
Deferred LT Asset Charges 0 0 0 0
Total Assets 2,437,860 2,320,527 2,014,575 1,950,286
Current Liabilities:
Accounts Payable 530,655 457,410 455,036 484,766
Current Portion LT Debt 593,150 598,468 385,003 374,931
Other Current Liabilities 0 0 0 0
Total Current Liabilities 0 0 0 0
Long Term Debt 140,000 140,000 140,000 140,000
Other Liabilities 70,821 74,290 0 0
Deferred LT Liab. Charges 0 0 0 0
Minority Interest 0 759 7,178 5,276
Negative Goodwill 0 0 0 0
Total Liabilities 1,334,626 1,270,927 987,217 1,004,973
Stockholder Equity:
Misc. Options, WarrantS 0 0 0 0
Redeemable Perferred Stock 0 0 0 0
Preferred Stock 0 0 0 0
Common Stock 1,579 1,577 1,544 1,536
Retained Earnings 1,156,875 1,121,377 1,112,010 1,032,307
Treasury Stock -740,450 -743,449 -734,912 -727,520
Capital Surplus 684,588 670,095 648,716 638,990
Other Stockholder Equity 642 0 0 0
Total Stockholder Equity 1,103,234 1,049,600 1,027,358 945,313
Net Tangible Assets 788,392 729,762 704,684 620,195
Annual Cash Flow: All Numbers in Thousands
Period Ending 31-Dec-08 31-Dec-07 31-Dec-06
Net Income 177,911 9,367 158,346
Operating Activites:
Depreciation 27,494 22,075 20,641
Adjustments to Net Income 33,294 -15,668 -57,302
Changes in Accounts Recv'bls 62,732 59,075 -208,136
Changes in Liabilities -35,040 -248,155 452,422
Changes in Inventories 0 0 0
Changes in Other Op'ing Actv's 0 211,685 0
Total Cash Flow fr Operations 255,806 151,252 15,655
Investing Activities:
Capital Expenditures -38,308 -15,098 -12,976
Investments 79,943 30,134 -5,689
Other Cash Flows fr Investing 0 34,024 16,946
Total Cash Flows fr Investing 13,132 49,060 0
Financing Acitivies:
Dividends Paid 0 0 0
Sale or Purchase of Stock -126,869 -245,568 -49,172
Net Borrowings 70,000 70,000 0
Other Cash Flows fr Financing 6,117 15,172 19,405
Total Cash Flows fr Financing -50,752 -160,396 -29,767
Effect of Exchange Rate Change 0 0 0
Change in Cash & Cash Equiv.s 218,186 39,916 15,831
Quarterly Cash Flow: All Numbers in Thousands
Period Ending 30-Jun-09 31-Mar-09 31-Dec-08 30-Sep-08
Net Income 35,498 9,367 79,702 36,295
Operating Activites:
Depreciation 8,260 8,187 8,147 7,422
Adjustments to Net Income 19,668 54,477 -13,693 20,111
Changes in Accounts Recv'bls -103,443 -85,798 -29,931 -72,906
Changes in Liabilities 292,597 58,408 -33,496 -24,371
Changes in Inventories 0 0 0 0
Changes in Other Oper'g Acts -211,250 -120,273 100,655 143,475
Total Cash Flow f Operations 41,330 0 -75,632 111,384
Investing Activities:
Capital Expenditures -13,757 -6,312 -10,572 -15,373
Investments -16,850 11,741 806 3,694
Other Cash Flows fr Investing 15,643 0 47,627 -47,867
Total Cash Flows fr Investing -14,964 5,429 37,861 -59,546
Financing Acitivies:
Dividends Paid 0 0 0 0
Sale or Purchase of Stock 478 -4,988 -6,933 -87,718
Net Borrowings 6,178 -6,178 0 0
Other Cash Flows fr Financing -5,976 1,274 2,190 671
Total Cash Flows fr Financing 680 -9,892 -4,743 -87,047
Effect of Exchange Rate Chg 0 0 0 0
Change in Cash & Cash Equiv. 27,046 -80,095 144,502 -36,567
NITE Knight Capital Group Inc. [Indices near +3.0 or near zero,
or < zero bear special attention.]
P/E Ratio Tests:
Current P/E Ratio < 28? 2.2400 P/E Ratio > 5? 1.0000
P/E Ratio Vs Growth Rate: 0.9400 Forward P/E Ratio < 28? 2.2544
Sales Tests:
Price/Sales Ratio < 2.3? 1.3690 Inventory/Sales < 5%? 1.0000
Sales < $1 billion? 0.9620 Operating Margin < 7.5%? 0.2948
Balance Sheet Tests:
Debt/Equity < 0.40? 1.0000 Long-Term Debt Service: 3.0000
LTD Being Reduced? 0.0000 Short-Term Debt Service: 0.0000
Current Ratio > 2? 0.8080 Working Capital >= 1.5? 1.0000
Leverage Ratio < 20%? 2.7620 Debt / Assets < 1? 3.0000
Quick Ratio > 1? 1.0000 Inventory Turnover > 1? 1.0000
Shares Out Decreasing? 0.6000 Market Cap.> 1.5 Billion? 0.7282
Profit Margin > 7.5%? 1.7826
Income Tests:
Dividend Yield > 2.0%? 0.0000 EPS Annual Growth > 10%? 0.0000
Enterprise Value/Revenue: 0.5667 EPS 5-yr Growth > 20%? 0.0000
Enterprise Value/EBITDA: 0.0000 EPS Growth Consistent? 1.8000
EPS Qrtly Growth > 10%? 2.0700 Collection < 45 days? 0.3628
Rev. Qtrly Growth > 15%? 3.0000 Gross Pft/Cur. LTD < 1? 0.8462
EPS Annual Growth > 10%? 0.0000 Borrowing Int. Rate< 6%? 2.2030
Stock Performance Tests:
Volatility > 25%? 2.7802 % Held by Insiders < 5%? 1.0267
Beta > 1.25? 0.1040 % Held by Institut. < 50? 0.5924
50 Da MA > 200 Da MA? 0.3644 % Held by Institut. > 30? 2.8133
52-Wk Change vs. S&P 500: -0.2620 Short Ratio > 5? 0.9200
Price/Book Value < 3? 2.2900 Short % of Float > 20? 0.3150
Return on Assets > 17%? 0.5000 Average Volume > 100,000? 3.0000
Cash Flow Tests:
Oper. C.F. > Lever'd C.F: 1.0000 Positive Free Cash Flow? 0.0000
Positive Oper. Cash Flow? 1.0000 Price to C.F./sh. Ratio: 0.0000
Cash Flow / Assets >.10? 0.0000
NITE Knight Capital Group Inc. Overall Zenith Index: 1.1066
Financial Statements |
Financial Ratios |
. . . . . . . . . . . . 1 = Highest , 10 = Lowest
Market Grader |
Intrinsic Value |
Intrinsic Value by Discounted Cash Flow Method:
Intrinsic Value |
Intrinsic Value by Projected Earnings Growth Method:
Stock Scout |
We find "Scout" to be a bit biased toward the high end, so anything under a 6 is considered a negative, 6 and above, positive.
Projected Earnings |
Research Reports |
Analysts' Opinions |
Insider Activity |
Institutional Activity |
Institutional Orders to Buy or Sell:
Sentiment |
Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.
Short Interest Ratio |
As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.
Stock Report |
Management's Discussion of Results of Operations Excerpts |
Moving Average Chart |
Channeling Potential |
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility. Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.
Results for Knight Capital Group:
Symbol? NITE
Total Months Available: 117
Months in Cycle? 4
Months Covered by Periods: 12
Period 1 Period 2 Period 3
H1 L1 H2 L2 H3 L3
19.38 11.03 19.98 13.39 22.77 16.09
RANGE = 22.77 TO 11.03 Close = 21.59
CHANNEL = 19.38 TO 16.09 Degree = 3
Volatility = 15.24% Index = 4
Intraday Chart |
20 Days:
1 Day:
The following table details which MACD signals on the preceding chart are best taken. Originally, this was set up for a two-day span, but ten days gives a better sample. Unfortunately, with the 10-day span, the colored lines on the histogram are much harder to read. Both spans are shown above. Red turning into green on the histogram is a buy and green turning into red is a sell, but with the following conditions. The share price must have moved at least 0.2% away from the previous signal price in order to avoid whipsawing. More importantly, the +/- magnitude of the MACD (the blue line, which crosses the red line at signal time) must be greater than the minimum required magnitude indicated below. Otherwise, the signal is ignored. This system absolutely does not work with NITE suggesting that oscillator indicators are less useful here than trend-seeking ones. NITE Minimum Magnitude MACD for Action = ± 0.0800 Ticker Day Time Hist. MACD Sig Line Act Price Profit NITE 17 05:00 -0.0045 0.2735 0.2780 S 22.65 0.00 NITE 18 05:45 0.0177 0.0249 0.0072 22.00 -2.87 NITE 24 07:23 0.0010 -0.0902 -0.0912 B 21.74 -2.87 NITE 25 06:30 -0.0106 -0.0145 -0.0039 21.71 1.28 NITE 25 07:00 -0.0015 -0.0852 -0.0838 S 21.26 1.28 NITE 28 05:38 0.0292 0.0367 0.0075 22.08 -1.24 NITE 28 18:00 0.0042 0.0048 0.0006 21.98 -1.24
Stock Fetcher |
Point & Figure Chart |
Wall Street Analyzer |
Marketspace Chart |
Time Series Forecast |
Neural Network Prediction |
"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."
Ultimate Trading Systems |
The corresponding trades for the above chart are shown in tabular form below.
Recommendation |
| Factors | Weighted Points |
|---|---|
| News | + 1 |
| Comparison | + 1 |
| Industry | + 1 |
| Bond Issue | 0 |
| Zenith Index | - 1 |
| GAAP vs. non-GAAP Earnings < 1% | - 1 |
| Cash Flow | + 1 |
| Ratios | + 1 |
| Market Grader | + 1 |
| Intrinsic Value DCF | + 1 |
| Intrinsic Value DDM | + 1 |
| Stock Scout | + 1 |
| Projected Earnings | + 1 |
| Research Reports | + 1 |
| Analysts | - 1 |
| Executive Perquisites | - 1 |
| Insider Activity | - 1 |
| Institutional Activity | - 1 |
| Management Reporting | + 1 |
| Short Interest | - 1 |
| Sentiment | + 1 |
| Standard & Poor's | + 1 |
| Moving Average | - 1 |
| Stock Fetcher | - 1 |
| Point & Figure | + 1 |
| Wall Street Analyzer | - 1 |
| Marketspace Chart | + 1 |
| Time Series Chart | - 1 |
| Neural Network | - 1 |
| Stock Options | + 1 |
| Ultimate Trading Systems | - 1 |
| Total | + 4 |
Place 1,360 shares of Knight Capital Group (NITE) on the Active List.
