NEW YORK (Reuters) - NYSE Euronext
NYSE had temporarily reassigned Knight's designated market maker responsibilities to market maker Getco on Monday while Knight finalized a $400 million recapitalization plan after a technical glitch last week caused a massive trading loss that nearly sank the firm.
Getco, along with Jefferies Group Inc
Market makers buy and sell shares for clients and provide liquidity to equity markets by stepping in to buy and sell stocks, using their own capital to ensure orderly activity.
(Reporting By John McCrank; Editing by Kenneth Barry)