| JUNE 24, 2009 |
| Knight Launches Oasis Small- and Mid-Cap Algorithm |
JERSEY CITY, N.J., Using innovative liquidity sourcing logic, Oasis is designed to optimally handle the trading obstacles typically associated with thin and difficult-to-trade names. Knight has an unparalleled depth in small-and mid-cap securities with market share of 38.9% in stocks that trade less than 2 million shares per day.* Knight is a leading source of off-exchange liquidity and is #1 in share volume for all Listed and NASDAQ securities.** "Our clients have expressed that effectively executing small- and mid-cap
stocks is an important source of alpha for them. They need a specialized
strategy to handle the complexities of navigating through intricate trade
scenarios rather than a one-size-fits-all approach. We created Oasis as a next
generation algorithmic strategy in recognition of the fact that there are
increased overall costs and risks associated with trading small- and mid-cap
stocks, such as higher volatility, less liquidity and wider spreads," said Oasis and all of the algorithms in the EdgeTrade Algorithmic Suite are powered by FAN(TM), Knight's smart order execution algorithm. Smart order execution leverages real-time and historical data to help clients execute orders by seeking out available liquidity among fragmented displayed and non-displayed markets.
These solutions include:
-- FAN - Sweeps/posts an order simultaneously to public liquidity and
dark pools, dynamically allocating the order to destinations where
liquidity is located
-- Covert(TM) - Posts and fills orders in dark pools exclusively
-- Sumo(TM) - An aggressive strategy for quickly filling an order
designed to reduce information leakage and minimize market impact
FAN also is incorporated into various benchmark and participation
algorithms:
-- Arrival Price
-- VWAP
-- TWAP
-- Smart VTrack
-- Target Close
Clients can access Oasis and the entire EdgeTrade Algorithmic Suite
through Knight Direct(R), Knight's multi-asset class execution management
system, as well as through a number of third party execution and order
management systems. The EdgeTrade Algorithmic Suite and Knight Direct EMS are
offered through Interested clients should contact
* Source: Bloomberg
About Knight 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
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many of which, by their nature, are inherently uncertain and beyond our
control. Accordingly, readers are cautioned that any such forward-looking
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risks, uncertainties and assumptions that are difficult to predict including,
without limitation, risks associated with (i) the costs, integration,
performance and operation of businesses recently acquired, or that may be
acquired in the future, by the Company, and (ii) the closing of the sale of
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expenses associated with the Company's exit from the Asset Management
business. 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 SOURCE |
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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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