|JUNE 30, 2000|
|Knight Trading Group Unveils New Web Site (www.knighttradinggroup.com or www.knight-sec.com|
JERSEY CITY, N.J., June 30 /PRNewswire/ -- Knight Trading Group, Inc. (Nasdaq: NITE), formerly Knight/Trimark Group, Inc., unveiled today its new Web site (http://www.knighttradinggroup.com or http://www.knight-sec.com). The new site seeks to provide a more efficient communications channel for the public, particularly Knight's shareholders. The Company changed its name to Knight Trading Group on May 18, 2000, upon the approval of 99.8% of all of its voting shareholders.
"We are now Knight Trading Group. To the world, we will be known simply as Knight," said Kenneth D. Pasternak, the Chief Executive Officer and President of Knight Trading Group. "Our new name articulates our position as a single point of entry in 18,500 different U.S. equity securities and our dominant role in this country's secondary trading arena. Secondary trading is gaining more prominence in the U.S. marketplace, as evidenced by recent developments in the industry, and by the continued empowerment of self-directed individual investors."
"Our new Web site will serve investors as a source for timely and concise information about Knight," continued Mr. Pasternak. "It also will educate visitors about market structure issues, how stock orders become trades, and how after-hours trading works. People, armed with a better comprehension as to how secondary trading operates, will have a clearer understanding of the value Knight provides as one of the top liquidity centers in the global trading village. Although we have changed our corporate identity and Web site, we remain committed to our mission of providing superior execution solutions for investors' orders.
"Knight Trading Group, Inc., headquartered in Jersey City, NJ, is a liquidity center that seeks to empower investors by providing them with opportunities for price improvement, immediacy and enhanced liquidity in their OTC and listed securities transactions. It has the power to commit capital for market orders, and it also maintains the largest limit order book in the OTC market. Knight traded 81 billion shares in 1999, a volume behind only those posted by Nasdaq and the New York Stock Exchange (NYSE). It also is one of the largest execution destinations for securities transactions placed via the Internet. Knight is a charter member of Fortune magazine's "e-50 Stock Index," an elite collection of companies that are shaping the new Internet-based economy. In addition, Knight, which has been in operations for fewer than five years, is ranked by Forbes magazine as one of the 500 most profitable public companies in the U.S. Ultimately, Knight plans to enable the global trading village to trade all types of equity securities and options at anytime, from anywhere in the world. More information about Knight can be obtained at http://www.knighttradinggroup.com or at http://www.knight-sec.com. SOURCE Knight Trading Group, Inc.
CONTACT: Margaret Wyrwas, Vice President, Corporate Communications & Investor Relations, 201-557-6954, or firstname.lastname@example.org, or Chuck Dohrenwend, Manager, Corporate Communications, 201-356-1753, or email@example.com, both of Knight Trading Group, Inc.; or Russell Dubner, 212-704-4538, or Creighton Abrams, 212-704-8295, both of Edelman Worldwide, for Knight Trading Group, Inc./