|OCTOBER 3, 2000|
|Knight Raises $20,705 For The Children's Hospital Of Hudson County|
JERSEY CITY, New Jersey (October 3, 2000) - Knight Securities, a subsidiary of Knight Trading Group, Inc. (Nasdaq: NITE), is proud to announce that it has donated $20,705 to the Children's Hospital of Hudson County, enabling this pediatric facility to purchase a new cardiac respiratory monitor and breathing machine. This amount includes $10,076 in employee donations; the balance was contributed by Knight Securities. Knight is headquartered in Jersey City at 525 Washington Boulevard. The Company supports various non-profit organizations that provide vital services in the greater Hudson County area, as well as certain national charities.
"We are pleased to support the Children's Hospital of Hudson County, as it is the primary pediatric life-saving facility in this area, where we have a higher infant mortality rate and a lower birth weight percentage than any other county in New Jersey," said Kenneth D. Pasternak, Chief Executive Officer and President of Knight Trading Group. "The Children's Hospital is the only state-designated regional perinatal center and pediatric trauma service facility in the area."
The $20,705 donation was made in conjunction with Knight's co-sponsorship of the 2000 Liberty Waterfront Run held on September 24 to benefit the Children's Hospital. Additionally, The Knight Crusaders, a group of Company employees, walked in this annual event.
"I am delighted that our employees have so enthusiastically stepped forward - both in making generous donations and in walking and running for the Children's Hospital," Mr. Pasternak continued. "We are actively involved in supporting the much-needed services in the communities where we have our corporate and subsidiary offices."
Knight is the liquidity center that offers superior execution services to its broker-dealer and institutional clients in over-the-counter (OTC) and listed equity securities, and in equity options. In so doing, Knight helps its clients meet their fiduciary obligation of obtaining best execution for the securities orders that they place on behalf of their customers. Knight also maintains an asset management business for institutional investors and high net worth individuals through Deephaven Capital Management.
Knight has the power to commit capital for market orders, and also maintains one of the largest limit order books in the OTC market. It is one of the largest destinations for stock orders placed via the Internet. Knight traded 81 billion shares in 1999, a volume behind only those posted by Nasdaq and the New York Stock Exchange (NYSE). It is a charter member of Fortune magazine's "e-50 Stock Index," an elite collection of companies shaping the Internet-based economy. Knight also 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 equity options at anytime, from anywhere in the world. More information about Knight can be obtained at www.knighttradinggroup.com or at www.knight-sec.com.