| JANUARY 24, 2008 |
| Knight Capital Group Relaunches ValuBond Electronic Fixed Income Trading Solution as Knight BondPoint(TM) |
Relaunch follows a series of upgrades and enhancements to market access and trade execution services for fixed income securities JERSEY CITY, N.J., Jan. 24 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today at LaSalle's 26th Annual Fixed Income Symposium relaunched its ValuBond electronic fixed income trading solution as Knight BondPoint(TM). Knight acquired ValuBond, a privately-held fixed income ECN and provider of front-end fixed income trading applications for retail brokerage firms, in July 2006. The relaunch follows the completion of several initiatives including technology upgrades, product enhancements and team additions as well as the full integration with Knight's comprehensive market access and trade execution services. "Given the growth in demand among retail investors for fixed income securities, brokerage firms are under pressure to reduce manual processes and provide clients with quality trade executions," said James P. Smyth, Executive Vice President of Knight Capital Group. "Knight BondPoint was developed to provide retail brokerage firms with access to centralized liquidity and cost- efficient, electronic trade execution services." Knight BondPoint operates an effective fixed income marketplace and automates trading, thereby increasing operational efficiencies for firms, facilitating trading and lowering related transaction costs. Knight BondPoint operates a fixed income ECN -- a centralized, electronic inter-dealer, cross- matching system -- connecting more than 200 retail brokerage firms. In addition, Knight BondPoint also provides a fully customizable front-end application allowing financial advisors and brokers to easily search, analyze and execute trades for municipals, corporates, agencies, treasuries, medium term notes, structured products, auction rate securities and certificates of deposit. "Knight BondPoint's product suite provides our clients with tools that take a lot of the inefficiencies out of fixed income trading in smaller, retail-size lots," said Marshall A. Nicholson, Director of Knight BondPoint. "Our fixed income trading solutions can be integrated into both proprietary and third party systems, enabling our clients to automate trading, compliance, clearing and other processes." Recent Initiatives In 2007, Knight relocated ValuBond's data center to its Jersey City, NJ headquarters and also upgraded disaster recovery facilities. Recent Knight BondPoint enhancements include compliance functionality, consisting of exception reporting, trade execution documentation and archival. Further, Knight BondPoint expanded its dedicated sales team and implemented cross selling initiatives with Knight that has resulted in a number of new clients from the firm's sell-side client base. "As a result of the technology integration, we have not only added scale to our solutions, but also offer new and cost efficient ways to access Knight BondPoint by leveraging Knight Capital Group's extensive connectivity infrastructure," added Nicholson. Planned enhancements to Knight BondPoint include upgrades to Knight BondPoint's structured products module and also workflow and execution solutions for auction rate securities and unit investment trusts. The U.S. Fixed Income Market The U.S. fixed income market is one of the largest securities markets in the world with more than $29.2 trillion in outstanding debt according to SIFMA as of September 31, 2007. The average daily dollar value traded rose from $274.0 billion in 1996 to $508.9 billion in 2001 and $889.8 billion in 2006. According to industry analysts, the retail fixed income market accounts for approximately 70 percent of the total fixed income transactions and is expected to expand as 75+ million baby boomers enter retirement and begin shifting investment assets from growth to preservation strategies. About Knight Capital Group Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services firm that provides electronic and voice 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.
SOURCE: Knight Capital Group, Inc.
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The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.
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