Scottrade: Not Currently Sending Trades to Knight

Features Reuters

Online brokerage Scottrade said on Thursday it is not currently routing trades to market maker Knight Capital Group Inc, which suffered a trading glitch a day earlier that roiled markets and wiped out $440 million of Knight's capital.

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Privately held Scottrade, which uses several market makers for routing client trades, is one of the biggest U.S. online brokerages.