|OCTOBER 13, 2010|
|Knight Appoints David Sellers Head of Sales for Hotspot FX in Europe|
JERSEY CITY, N.J. and LONDON, Oct 13, 2010 /PRNewswire via COMTEX/ --
Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced the appointment of David I. Sellers, Managing Director, Head of Sales for Hotspot FX in Europe.
Mr. Sellers joins Hotspot FX from EBS/ICAP where he led new business development. Based in London, he oversees sales for Hotspot in both the UK and continental Europe, covering Hotspot's diverse client base of banks, hedge funds, institutions, commodity trading advisors (CTAs) and corporates. Mr. Sellers will report to John Miesner, Head of Global Sales for Hotspot FX.
"Due to effective client development and the continuing currency volatility, Hotspot FX's reported volume year-to-date is more than 80 percent higher than the same period last year," said Mr. Miesner. "David has the requisite management experience, relationships and industry knowledge that will allow us to further penetrate the European market. I am pleased to welcome him to the team."
Hotspot FX, LLC, a subsidiary of Knight Capital Group, Inc., operates the first foreign exchange ECN for institutions. Hotspot FX allows a diverse and expanding client base access to deep liquidity in more than 50 currency pairs plus gold and silver with speed, competitive pricing, full depth-of-book transparency and complete anonymity. The platform employs a multiple prime broker credit model offering flexible means of access, including Java and FIX API and the Knight Direct GUI, as well as a comprehensive array of order types and FX algorithms. Hotspot FX in Europe is a division of Knight Capital Europe Limited.
"I'm delighted to be joining Knight," said Mr. Sellers. "We have a great opportunity to grow the FX spot business in Europe through our existing client base and new target prospects. It's a challenge I very much look forward to."
Mr. Sellers is based in London, phone 44.20.7997.7869 or email email@example.com.
David I. Sellers
David I. Sellers, Managing Director and Head of Sales in Europe for Hotspot FX, is an experienced sales leader in global currencies and fixed income.
Prior to joining Hotspot, Knight's institutional electronic foreign exchange platform, Mr. Sellers was New Business Development Manager for EBS/ICAP where he helped launch the EBS Prime model for buy-side algorithmic clients. David joined EBS in March 2004 after senior sales positions across the industry, including at Liquidnet, Atriax and Cognotec, where he primarily was involved in growing new business.He also worked at Reuters from 1992 to 1999 in various roles including customer support, training, account management and new business for Reuters Transaction Services and Real-Time Solutions for equities and fixed income. He started his career in banking and back-office operations at Westpac and EFG Private Bank & Trust.
Knight Capital Group, Inc. (NYSE Euronext: KCG) is a 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 the Americas, Europe and the Asia-Pacific region. For more information, please go to 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 changes in market structure, legislative or regulatory rule changes, the costs, integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired in the future, by the Company. 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, 2009, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter-ended March 31, 2010, 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, 2009, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
SOURCE Knight Capital Group, Inc.