Knight Capital agrees Italian job

US broker becomes latest brokerage to go into partnership with a lender in the country through joint venture with an Italian merchant bank

US broker Knight Capital is to enter the Italian capital markets business through a joint venture with a small Italian merchant bank, becoming the latest brokerage firm to go into partnership with a lender in the country.

The New Jersey-based firm announced on Monday a tie-up with Milan-based La Compagnia Finanziaria to provide capital markets services for Italian companies and clients.

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