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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Donaldson & Co. Incorporated
  • Knight Trading Group, Inc.
  • Securities and Investment Banking
  • October 14, 2003
  • N/A

Seller Details

Donaldson & Co. Incorporated, based in Atlanta, Georgia, is a leader in providing soft dollar and commission recapture programs to the institutional investment community. Donaldson's soft dollar programs allow institutional investment managers to purchase non-proprietary research and other soft dollar services using commission credits generated through Donaldson's brokerage network, an alliance of domestic and international trading firms that provides clients flexibility in satisfying their best execution requirements. The company's commission recapture programs are designed to reduce transaction costs and improve investment performance for corporate plan sponsors, public pension funds, Taft-Hartley funds, endowments and foundations. Since its founding in 1984, Donaldson has earned a reputation for providing superior client service to the largest institutions in the United States and abroad.

Buyer Details

Knight provides comprehensive trade execution services in cash equities and equity options to institutions and broker-dealers, as well as asset management services for institutions and high net worth individuals. As a leading execution specialist, Knight offers capital commitment and access to a deep pool of liquidity across the depth and breadth of the market. By continuing to make markets and provide liquidity, Knight plays a critical role in the capital formation process.

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