|JULY 13, 2000|
|Knight Financial Products Acquires Another Specialist Post On the Pacific Exchange|
JERSEY CITY, N.J., July 13 /PRNewswire/ -- Knight Financial Products, a subsidiary of Knight Trading Group, Inc. (Nasdaq: NITE), has acquired a specialist post on the Pacific Exchange (PCX) from GK Financial, LLC. Today's announcement comes quickly on the heals of Knight's July 5th acquisition of a PCX specialist post from Kovell Trading, LLC. Knight plans to start trading from the GK Financial post within the next 60 days, pending Exchange approval.
"Our purchase of this specialist post from GK Financial solidifies our position on the PCX," said Peter Hajas, Chief Executive Officer of Knight Financial Products. "With our two new PCX specialist posts, we will soon become an active options specialist in PCX-listed companies, including AOL, Coca-Cola, Micron Technology, Unisys and Wal-Mart."
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 over-the-counter (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, firstname.lastname@example.org, or Chuck Dohrenwend Manager, Corporate Communications, 201-356-1753, email@example.com, both of 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./