|NOVEMBER 25, 2008|
|Knight Appoints Kee-Meng Tan Head of the Electronic Trading Group in Europe|
JERSEY CITY, N.J. and LONDON, Nov. 25 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the appointment of Kee-Meng Tan to the newly-created position of Managing Director, Head of the Electronic Trading Group (ETG) in Europe. Mr. Tan will lead the European introduction of Knight Link, the firm's highly successful off-exchange liquidity source.
Mr. Tan joined Knight last spring from CQS Management, a London-based alternative asset manager, where he was an equity derivatives trader. Prior to that, he was Head of EMEA Global Execution Services at JP Morgan.
"As a firm, Knight is focused on developing our liquidity offering within Europe," said Jamil Nazarali, Managing Director and Global Head of the Electronic Trading Group. "Knight Link is a proven trade execution service in the U.S. with nearly US$5 billion in average daily dollar value traded in October. We believe the time is right to bring the Knight Link model of access to dark liquidity, high fulfillment rates and low-cost trade execution to Europe."
Knight Link provides clients with rapid, electronic trade execution in a broad range of equities while helping clients reduce trading costs and limit market impact. Knight Link can accommodate a wide range of trading architectures and capacity requirements for easy integration into a firm's smart order router, dark liquidity-seeking algorithms and/or OMS systems. Knight Link has developed innovative technologies using built-in anti-gaming logic designed to protect clients.
"Knight Link is fully customizable and provides clients with tremendous utility in terms of anonymity, quality fills, high speed and low costs," Mr. Tan said. "We look forward to rolling out Knight Link to clients across Europe in the coming months."
As part of this effort, Knight will also become a Retail Services Provider (RSP) in the UK, providing market making services, initially in FTSE 350 stocks, to the retail market.
Mr. Tan is based in Knight's London office, phone +44 (0)20 7997 7715 and fax +44 (0)20 7997 7700.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading capital markets firm that provides electronic and voice access to the global capital markets across multiple asset classes for buy-side, sell-side and corporate clients. In Global Markets, we provide market access and trade execution services in nearly every U.S. equity security and a large number of international securities, fixed income, foreign exchange, futures and options. In Asset Management, Knight owns a 51 percent stake in Deephaven Holdings with Deephaven Partners controlling the remaining 49 percent as of February 1, 2008. Deephaven (www.deephavenfunds.com) is a global, multi-strategy alternative investment manager serving institutions and private clients. More information about Knight can be found at www.knight.com.
Certain statements contained herein, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, 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 including, without limitation, risks associated with the costs, integration, performance and operation of businesses recently acquired, or that may be acquired in the future, by the Company, and risks associated with the unprecedented current market conditions and the resulting volatility, credit tightening and counterparty risk, as well as the negative effect on performance and assets under management in our Asset Management business and the suspension of redemptions and withdrawals announced in the Form 8-K filed by the Company on October 30, 2008. 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. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2007, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2007, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.