Knight Capital to sell brokerage

Knight Capital Group, which recently agreed to be bought for $1.4bn (£928m) by Getco Holding Co, has struck a deal to sell its credit-brokerage unit to Stifel Financial, according to a person familiar with the matter. The terms of the deal were not known. But Stifel will be picking up investment-grade, high-yield, asset-backed and mortgage backed debt brokers in the US and Europe through the deal, the source said. The deal could be announced as soon as today.