Knight Capital Takes Minority Stake in ReFlow

Knight Capital Group has taken a minority stake in ReFlow Management, the two companies announced yesterday, without specifying the size of the equity position.

Knight Capital provides trade execution solutions and also manages alternative investments. ReFlow provides a pool of capital that fund companies can tap into to meet investor redemptions without having to liquidate holdings.

As part of the arrangement, Knight Capital will sell ReFlow's services. In addition, Thomas M. Joyce, the chairman and chief executive officer of Knight Capital, will serve on ReFlow's board of directors.

"We are incredibly excited about our sales agreement with Knight, a company on the forefront of trading innovation and an obvious partner for ReFlow's liquidity service," said Alan Reid, chief executive officer of ReFlow.

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Money Management Executive
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