Hedge Funds

Knight Trading offering financing through S3


Execution broker Knight Trading Group has tapped outsourced hedge fund financing boutique S3 Asset Management to offer its clients with cost-cutting financing and other balance sheet management services.

Since launching last year, S3, which was established by a group of industry financing specialists led by former CSFB prime brokerage chief Robert Sloan, has tapped into a deep need by medium-sized hedge funds to cut trade and trade financing-related expenses.

Knight Trading provides a broad menu of equity trade execution services to institutional clients including hedge funds.