Knight Trading Group agreed to acquire ATTAIN ECN, an alternative trading system for Nasdaq securities, for an undisclosed amount of cash from Domestic Securities, confirmed Margaret Wyrwas, senior managing director of corporate communications and investor relations at Knight Trading.
"The acquisition of an ECN marks the next step in the repositioning of our equity markets business to excel in the changing securities landscape," Thomas M. Joyce, Knight Trading chairman and CEO, said in a news release. "Our goal for the new ECN is to provide a stable, fast, competitively priced and anonymous execution platform for trading of Nasdaq, exchange-listed and OTC Bulletin Board securities."
