Knight Survives While Shareholders Pay (Update 1)

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The New York Stock Exchange announced earlier on Monday that it had "temporarily assigned custodial responsibility for approximately 524 New York Stock Exchange (NYSE) and 156 NYSE MKT listed securities" from Knight Capital Group to Getco, and that the temporarily re-assigned market-making responsibilities would be returned to Knight "in a timely manner," upon Knight's "completion and approval of a recapitalization plan."

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-- Written by Philip van Doorn in Jupiter, Fla.

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