Knight Capital board yet decide on bids

The US broker’s board heard hour-long presentations from suitors Getco and Virtu Financial yesterday, but has yet to recommend either firm’s bid

Knight Capital Group board ended a day-long meeting Monday without a decision on the company's future, amid expectations that a bidding war between the brokerage's two suitors could still escalate, according to people involved in the talks.

Getco and Virtu Financial both made roughly hour-long presentations to the Jersey City, New Jersey-based brokerage's board on Monday, and answered questions about their firms and their differing visions for a merger with Knight, the people said.

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