| DECEMBER 1, 2009 |
| Knight Appoints Daniel G. Braun As Managing Director, Head Of Carbon Trading |
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Mr. Braun has more than ten years of experience covering energy trading, structuring and portfolio management, plus an additional seven years of experience in equity derivatives market making. Prior to joining Knight, Dan served as an advisor on carbon credit development and trading issues. Previously, he spent close to four years as a Portfolio Manager and Director of Global Environmental Finance at Stark Investments. "Carbon is fast emerging as a tradable commodity. The global carbon markets, however, are still maturing," said Knight is the leading source of off-exchange liquidity in U.S. equities and largest electronic market maker. The firm engages in market-making and trading in more than 19,000 U.S. equities on behalf of buy- and sell-side clients. Knight also provides execution services in global equities and fixed income, foreign exchange, futures and options. "Applying Knight's specialized trading capabilities to the global carbon markets, I believe, will lead to better price discovery, reduced spreads and improved overall efficiency for all participants," said Mr. Braun. Mr. Braun is based in the Biography Managing Director, Head of Carbon Trading Knight Quantitative Trading Prior to joining Knight, Mr. Braun served as an advisor on carbon credit development and trading issues. Previously, Dan spent close to four years as a Portfolio Manager and Director of Global Environmental Finance at Stark Investments. He worked as a Senior Energy Trader at Dan received a bachelor of science in economics from the 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 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 related to the 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 SOURCE Margaret Wyrwas, Senior Managing Director, Communications, Marketing & Investor Relations, +1-201-557-6954, mwyrwas@knight.com; Kara Fitzsimmons, Director, Media Relations, +1-201-356-1523, kfitzsimmons@knight.com; Jonathan Mairs, Vice President, Corporate Communications, +1-201-356-1529, jmairs@knight.com |