Knight Capital Group said its earnings dropped by two-thirds in the second quarter, hurt by lower volume and volatility in stock trading.

Knight, which provides trading firms and corporations with access to stock, bond and other securities markets, said it earned $17.6 million, or $0.19 per share, in the second quarter of 2011. That compares to earnings of $54.4 million, or $0.58 per share a year ago.

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