Knight Capital on Thursday reported an 84% drop in fourth-quarter profit as the US trading firm grappled with stagnant stock-market conditions and expenses tied to its planned takeover.

The New Jersey company also said that two long-serving executives, including the official who oversaw technology at the time of Knight's August 2012 trading error, will depart the firm as businesses are realigned.

Embattled US broker says overall market conditions 'constrained' financial performance in the fourth quarter

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Knight Capital's profit sinks 84%

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