JERSEY CITY, N.J. and LONDON, June 30 /PRNewswire-FirstCall/ -- Knight
Capital Group, Inc. (Nasdaq: NITE) announced today that wholly-owned
subsidiary Knight Capital Europe Limited has commenced operations as a Retail
Service Provider (RSP) in the U.K. Knight provides trading and market-making
as well as price quotation services to clients predominantly in FTSE 350 Index
companies listed on the London Stock Exchange.
Commenting on the further expansion of Knight's offering in Europe, Jamil
Nazarali, Managing Director and Global Head of the Electronic Trading Group
said, "Knight is building liquidity across a broad range of European equities
to serve broker-dealers. Our participation as a RSP represents an exciting
extension of our electronic trading capabilities. Knight has extensive
experience across securities trading, technology, operations, client service,
compliance and market structure, developed as a leading provider of trade
execution services to broker-dealers in the U.S."
Knight's RSP trade execution services are currently accessible through the
Proquote and Fidessa RSP networks. Firms may also access Knight Link, an
electronic access point into Knight's deep, off-exchange liquidity, through
RSP networks or direct connectivity. Knight Link is fully customisable and
enables easy integration into smart order routers, dark liquidity-seeking
algorithms or OMS systems as an additional source of liquidity. Clients
benefit from rapid executions, reduced trading costs and lessened market
impact.
Kee-Meng Tan, Managing Director, Head of the Electronic Trading Group at
Knight Capital Europe Limited said, "We look forward to supporting
broker-dealers in the U.K. As a leading provider of off-exchange liquidity in
the U.S., we believe RSP users will benefit greatly from Knight's entry into
the competitive quote market. Knight is connected to exchanges and MTFs across
Europe to give clients access to the best prices available at the time of
execution. In addition, we are ready and able to work with RSP users to reduce
their overall trading costs through settlement netting."
For further information on Knight's RSP services, please call +44 20 7997
7788 or email rsp@knight.com. To learn more about Knight Link, contact
Kee-Meng Tan at +44 20 7997 7778 or ktan@knight.com.
Knight Capital Europe Limited is a U.K. registered broker-dealer that
provides execution services for institutional and broker-dealer clients in
U.S., European and international equities. Knight Capital Europe Limited is
authorised and regulated by the U.K. Financial Services Authority and is a
member of the London Stock Exchange, Deutsche Borse AG, Euronext N.V.
(incorporating Euronext Amsterdam, Euronext Brussels, Euronext Lisbon and
Euronext Paris), Borsa Italiana, OMX (incorporating the Copenhagen Stock
Exchange, Helsinki Stock Exchange and Stockholm Stock Exchange), Oslo Bors,
SIX Swiss Exchange, Weiner Borse, Chi-X Europe Limited, Turqouise, BATS
Trading, NASDAQ OMX Europe, NYSE Arca Europe and Equiduct Trading.
About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services
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 global equities and
fixed income, foreign exchange, futures and options. Our approach to trading
combines deep liquidity with robust trading technology and capital
facilitation, when necessary, to deliver high quality trade executions
consistent with client defined measures. Our Corporate segment invests in
strategic, financial services-oriented opportunities, allocates, deploys and
monitors all capital and maintains all corporate overhead expenses. Our Asset
Management segment is reported as a discontinued operation as of March 31,
2009. 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 (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
substantially all of the assets of the Asset Management business and costs and
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 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, 2008, 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, 2008, and in other reports or
documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.
CONTACT: Margaret Wyrwas, Senior Managing Director of Communications,
Marketing & Investor Relations, +1-201-557-6954, mwyrwas@knight.com, or Kara
Fitzsimmons, Director, Media Relations, +1-201-356-1523,
kfitzsimmons@knight.com, or Jonathan Mairs, Vice President, Corporate
Communications, +1-201-356-1529, jmairs@knight.com, all of Knight Capital
Group, Inc./
|