|APRIL 12, 2010|
|Knight Appoints Didier Bankole Vice President of Sales for the Electronic Trading Group in Europe|
JERSEY CITY, N.J. and LONDON, April 12, 2010 /PRNewswire via COMTEX/ --Knight Capital Group, Inc. (Nasdaq: NITE) today announced the appointment of Didier Bankole to Vice President of Sales for the Electronic Trading Group (ETG) in Europe. Mr. Bankole will lead the sales effort across continental Europe for Knight Link, which provides institutional and retail broker-dealers with access to Knight's liquidity in more than 700 European equities.
Mr. Bankole joined Knight from NYSE Euronext where he was in charge of Global Account Management as well as additional responsibilities for NYSE ARCA Europe as Market Structure Manager. Prior to that, he was Deputy Director, Head of Prospect Management at Euronext Paris SA.
"Knight Link has an established footprint in the U.K. both in the institutional and the retail space, and we believe investors across Europe can also benefit from its liquidity and quality executions," Kee-Meng Tan, Managing Director and Head of the Electronic Trading Group in Europe. "Didier brings considerable experience to our expansion efforts on the continent where we look to raise our profile among broker-dealers and institutions and further highlight our market-making ability."
Officially launched in Europe in November 2009, Knight Link offers rapid order execution in a broad and growing range of pan-European large- and mid-cap equities. Knight Link provides institutional and retail broker-dealers access to Knight's unique liquidity, quality executions with high fulfillment rates, and low cost on a low-latency platform. Knight Link makes markets in more than 700 European-listed stocks including those in the UK, France, Belgium, Netherlands, Germany, Italy and Switzerland.
"The Knight Link model offers broker-dealers across continental Europe an opportunity to improve execution quality for their retail customers," Mr. Bankole said. "I look forward to showcasing Knight's strengths in volume and breadth of securities traded to new clients and helping to drive greater activity in Knight Link."
The UK Financial Services Authority authorises and regulates Knight Link as a Systematic Internaliser, in accordance with the Markets in Financial Instruments Directive. Knight Link is a Retail Services Provider (RSP) in the UK and a retail market maker on Equiduct's PartnerEx platform. Knight Link helps clients to achieve MiFID-mandated best execution requirements through a combination of high-quality stock execution and low transaction costs. This new source of liquidity for Europe is made possible by Knight's extensive market-making operation as well as Knight's access to the full range of trading venues in Europe.
Mr. Bankole is based in Knight's London office at 55 Basinghall Street, 6th Floor, London EC2V 5DU, United Kingdom, phone +44(0)20 7997 7823 and fax +44 20 7997 7788.
Didier Bankole is Vice President of Sales for the Electronic Trading Group in Europe with responsibility for overseeing sales for Knight Link in continental Europe. He is an expert in continental European exchanges.
Mr. Bankole joined Knight in February 2010 from NYSE Euronext where he was in charge of Global Account Management as well as additional responsibilities for NYSE ARCA Europe as Market Structure Manager. Prior to that, he was at Euronext Paris SA where most recently he was Deputy Director, Head of Prospect Management and, previously, Co-Head of the Membership Department for the firm. Prior to joining Euronext Paris, he worked in legal, audit, regulation and membership positions for MATIF SA.
Didier has a MBA and a master's in international capital markets from University of Paris-Dauphine, as well as a bachelor's and master's in economic sciences from University Paris X-Nanterre.
Knight Capital Group, Inc. (Nasdaq: NITE) is global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across North America, Europe and the Asia-Pacific region. For more information, please go to http://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.