Knight Capital Adds Three New Board Members, More Adult Supervision

Here is a brief note on each new director:

• Brand is a managing director at The Blackstone Group L.P. (NYSE: BX).
• Nimetz is an advisory director at General Atlantic and is an advisor, investor, executive and lawyer.
• Tomczyk is president and chief executive officer of TD Ameritrade Holding Corp. (NYSE: AMTD).

Knight Capital Group will now have 10 members on its board of directors. Today’s news is probably not much of a surprise, but you have to wonder why it took this long to announce new board members after the Knight Capital trading debacle.

Knight shares are up marginally but almost not enough to notice this morning at $2.79 versus a $2.78 close on Monday.

JON C. OGG