Knight Capital Group ( NITE) said Wednesday that it swung to a profit in the second quarter, as revenue in the global markets group nearly doubled. The company earned $30.3 million, or 29 cents a share, in the quarter, compared to a loss of $5.6 million, or 5 cents a share, in the same quarter last year. Revenue at the company was $204.6 million compared to $111.7 million in the 2005 quarter. Analysts were expecting earnings of 19 cents a share on revenue of $174.9 million. "Knight has now completed four consecutive quarters of strong financial results, reflecting the critical changes to our business model that we began implementing one year ago," the company said in the release. "All of Knight's Global Markets businesses -- including broker-dealer, institutional sales, direct market access and foreign exchange trading -- performed well in the second quarter. Our broker-dealer business was once again the largest contributor to quarterly earnings in mixed market conditions." Revenue in the company's global markets division nearly doubled in the quarter to $182.1 million, vs. $98.5 million in the same quarter last year. During the quarter, the company completed its acquisition of Hotspot FX, a spot foreign exchange execution platform. The results of Hotspot were included this quarter. The company is also acquiring ValuBond, a fixed income trading platform, and it expects to complete that acquisition within six months. The asset management division, which includes the hedge fund Deephaven Capital Management, brought in revenues of $14.1 million compared to $8 million in the same period last year. But assets under management were down slightly compared to the same quarter last year, at $3.1 billion vs. $3.4 billion in the 2005 quarter. In the corporate division, the company had a pretax operating loss of $500,000, compared to a pre-tax operating income of $200,000 in the second quarter last year. Included in the results of this division was a $7.1 million, or 4 cents a share, gain related to the sale of a part of the equity in the International Securities Exchange ( ISE). "Knight is a more diverse company than it was 12 months ago, with three newly acquired fee-based businesses and a fourth acquisition agreement announced July 10," the company said. ''Knight's recent history of making appropriately sized, targeted acquisitions is part of our continued growth and capital management strategies."