Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

 

 

Under the Securities Exchange Act of 1934

 

 

 

WESTSPHERE ASSET CORP., INC.


(Name of Issuer)

 

Common Stock, no par


(Title of Class of Securities)

 

 

961532207


                                (CUSIP Number)                                 

 

December 30, 2005


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13G

 

CUSIP NO. 961532207

 

  1.  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)

 

            Knight Equity Markets, L.P., formerly Knight Securities, L.P.

            22-3660471

   
  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)

(b)

   
  3.  

SEC USE ONLY

 

   
  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    SOLE VOTING POWER

 

                36,558


  6.    SHARED VOTING POWER

 

                Not applicable


  7.    SOLE DISPOSITIVE POWER

 

                36,558


  8.    SHARED DISPOSITIVE POWER

 

                Not applicable

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            36,558

   
10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

   
11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            5.88%

   
12.  

TYPE OF REPORTING PERSON*

 

            BD

   

 

 


ITEM 1

 

(a).

  

Name of Issuer

 

Westsphere Asset Corp., Inc.

         

ITEM 1

 

(b).

  

Address of Issuer’s Principal Executive Offices

 

2140 Pegasus Way NE, Calgary, ALB T2E 8M5, Canada

         

ITEM 2

 

(a).

  

Names of Persons Filing

 

Knight Equity Markets, L.P., formerly Knight Securities, L.P.

         

ITEM 2

 

(b).

  

Address of principal business office

 

545 Washington Blvd., 3rd Floor

Jersey City, NJ 07310

         

ITEM 2

 

(c).

  

Citizenship

 

Delaware

         

ITEM 2

 

(d).

  

Title of Class of Securities

 

Common Stock

         

ITEM 2

 

(e).

  

CUSIP Number

 

N/A

         

ITEM 3.

  If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b), check whether the person filing it is a:     
    (a)    x    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).


ITEM 4.

   Ownership          
     (a)   

Amount beneficially owned

 

36,558

         
     (b)   

Percent of class

 

5.88%

         
     (c)    Number of shares as to which such person has:          
          (i)   

sole power to vote or to direct the vote

 

36,558

         
          (ii)   

shared power to vote or to direct the vote

 

Not applicable

         
          (iii)   

sole power to dispose or to direct the disposition of

 

36,558

         
          (iv)   

shared power to dispose or to direct the disposition of

 

Not applicable

         

ITEM 5.

  

Ownership of Five Percent or Less of a Class

 

Not applicable

    

ITEM 6.

  

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable

         

ITEM 7.

  

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not applicable.

ITEM 8.

  

Identification and Classification of Members of the Group

 

Not applicable.

         

ITEM 9.

  

Notice of Dissolution of Group

 

Not applicable.

         

ITEM 10.

   Certification          

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: January 13, 2006

 

Knight Equity Markets, L.P.
By:  

/s/ Michael Corrao


    Michael Corrao
    Director of Compliance