|AUGUST 15, 2007|
|Knight Capital Group Announces the Retirement of Ralph J. Acampora, Head of Technical Research|
JERSEY CITY, N.J., Aug. 15 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the retirement of Ralph J. Acampora, Head of Technical Research, effective October 26, 2007. Mr. Acampora, 65, is a 40- year Wall Street veteran and leading practitioner in the field of technical analysis.
Mr. Acampora joined Knight in 2005 from Prudential Securities to develop technical research products covering equities, fixed income, currencies, commodities and foreign markets. Prior to his employment at Prudential, Mr. Acampora worked from 1980 to 1990 at Kidder Peabody & Co. Before that, he was with Smith Barney, Harris, Upham & Co. from 1969 to 1980. His financial career began with Distributor's Group, a mutual fund complex owned by US Life.
Regularly ranked among the leading technical analysts by Institutional Investor, Mr. Acampora also taught the subject at the New York Institute of Finance and Securities Industry Institute at Wharton. In addition, he was among a group of practitioners that successfully lobbied the Securities and Exchange Commission to recognize the Chartered Market Technicians designation.
"Ralph is a pioneer in technical analysis and an industry icon," said Thomas M. Joyce, Chairman and Chief Executive Officer of Knight Capital Group. "His awareness of market dynamics and ability to distill complex concepts into actionable intelligence made him an invaluable resource for investors and we are particularly grateful for his contributions to our institutional business. I, and everyone here at Knight, wish Ralph the best in his retirement."
Mr. Acampora is a member of the New York Society of Securities Analysts, Securities Traders Association and Market Technicians Association, of which he is also a past president. He is a trustee of the Wharton School at the University of Pennsylvania and serves as a director on the boards of several companies. Mr. Acampora is a graduate of St. Joseph's Seminary in Yonkers, New York.
"After much deliberation, I've decided to retire from a full-time schedule of market analysis and leave the opining to others," said Mr. Acampora. "I am honored to have finished my career at Knight and pleased that so many clients and peers have read my reports and commentary over the years. It is because of you that I have had such a full and joyous career."
In retirement, Mr. Acampora will continue teaching at the New York Institute of Finance and has begun writing a book on technical analysis. He also plans to dedicate significant time to the Hudson Riverfront Performing Arts Center in Weehawken, New Jersey.
In connection with Mr. Acampora's retirement, Marc L. Sutin, 58, Director in Knight Technical Research, was named Head of Technical Research, effective immediately.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services firm that provides voice and electronic access to the capital markets across multiple asset classes for buy-side, sell-side and corporate clients, and asset management for institutions and private clients. Our Global Markets business offers superior execution quality through natural liquidity, capital facilitation and trading technology, with comprehensive products and services that support the capital formation process. Our Asset Management business, Deephaven Capital Management, is a global multi-strategy alternative investment manager focused on delivering attractive risk-adjusted returns with low correlation to the broader markets. More information about Knight can be found at www.knight.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission including, without limitation, the risks and uncertainties detailed under the headings "Certain Factors Affecting Results of Operations" and "Risks Affecting our Business" in the Company's Annual Report on Form 10-K.
SOURCE Knight Capital Group, Inc.