Brad Bailey, senior analyst at Aite Group, is moving to Knight Capital Group as a director in the business corporate development area. Bailey will focus on strategic initiatives to grow the sell-side firm’s business.

Bailey will be based at Knight’s Jersey City, New Jersey headquarters.
Knight Capital Group owns several businesses in the electronic trading area, including Hotspot in foreign exchange, ValuBond in fixed income and DirectEdge, an ECN in equities. In November of 2007, Knight bought EdgeTrade, an agency broker specializing algorithmic trading.

Bailey joined Aite Group, a Boston-based financial services research and consulting firm, two years ago where he authored numerous research reports on topics including OTC derivatives processing, equity options exchanges and algorithmic trading. Prior to becoming an analyst, Bailey hada background in institutional brokerage sales and trading at Garban, now part of ICAP, and Carlin Financial Group, acquired by RBC Capital Markets.